Trade deal will be much tougher for China when I win second term: Trump

WION Web Team
Washington Published: Sep 03, 2019, 06:57 PM(IST)

File photo: US President Donald Trump and China's President Xi Jinping. Photograph:( Zee News Network )

Story highlights

The Trump administration has sought to pressure China to make sweeping changes to its policies on intellectual property protection, forced transfers of technology to Chinese firms.

As the United States and China began a new round of tariffs on each other, President Trump in a tweet today said that a deal would become much tougher for the Xi government if he is reelected in the next elections in 2020.

"We are doing very well in our negotiations with China. While I am sure they would love to be dealing with a new administration so they could continue their practice of “ripoff USA”($600 B/year)," the President said in a tweet, adding: "Sixteen months plus is a long time to be hemorrhaging jobs and companies on a long-shot."

×

"Think what happens to China when I win. The deal would get much tougher! In the meantime, China’s supply chain will crumble and businesses, jobs and money will be gone!, the US president predicted.

×

On Sunday, the Trump administration had began collecting 15% tariffs on more than $125 billion in Chinese imports, including smart speakers, Bluetooth headphones and many types of footwear as the trade war escalated to a new high pressuring stock markets worldwide.

In retaliation, China started to impose additional tariffs on some of the US goods on a $75-billion target list. The extra tariffs of 5 per cent and 10 per cent were levied on 1,717 items of a total of 5,078 products originating from the United States.

For two years, the Trump administration has sought to pressure China to make sweeping changes to its policies on intellectual property protection, forced transfers of technology to Chinese firms, industrial subsidies and market access.

China has consistently denied Washington's accusations that it engages in unfair trade practices, vowing to fight back in kind and criticising US measures as protectionist.

Read in App