"We have rebuilt China, just so you understand. Our country has rebuilt China, with their hard work and genius also. But how our country has allowed itself to lose $500 billion a year, and much more than that, is ridiculous, is ridiculous," Trump told reporters during a Cabinet meeting at the White House.
"So, it's hard for them to do a deal, because they've had it so good for so long; it's a very hard thing for them to do," said the US president when asked why he told the Chinese that they are not ready for a trade deal yet.
"You said the Chinese want to make a deal, but you told them they're (not ready yet)," he was asked.
"I told them they're not ready yet. No, because they've had -- they've made too much.." he said as he went to explain that Chinese have benefited a lot from the current trade relationship with the US and that is why they do not want any change.
"But we have a very good relationship with China. I have a great relationship with President Xi, and I think you'll see something happen that's going to be good for both countries," Trump said.