close

News WrapGet Handpicked Stories from our editors directly to your mailbox


President Trump says US 'not ready' to make trade deal with China

US President Donald Trump. Photograph:( Reuters )

Agencies Washington Aug 09, 2019, 07.50 PM (IST)

US President Donald Trump on Friday said Washington wasn't ready to finalise a trade deal with Beijing, amid lingering worries over the intensifying US-China trade war, reported news agency AFP.

"We're not ready to make a deal," Trump told reporters at the White House before heading out on vacation at his New Jersey golf resort. 

Trump comment comes a day after US hit China with new import duties Thursday on more than $4 billion in imported wooden cabinets and vanities, after finding manufacturers there benefit from unfair subsidies.

The Commerce Department's preliminary finding comes just a week after Washington announced new punitive duties on another $300 billion in Chinese goods, meaning that starting September 1 all Chinese imports will be subject to punitive tariffs.

The latest announcement is one in a series of cases Commerce has pursued against particular product lines, usually at the request of American companies claiming to be hurt by imports from China or other trading partners.

Story highlights

"We're not ready to make a deal," Trump told reporters at the White House before heading out on vacation at his New Jersey golf resort.