US EditionTrump says US not willing to make deal with China unless trade deficit is solved
- President Donald Trump stated that he will not negotiate with China unless the trade deficit of over $1 trillion is resolved first.
- Trump emphasized the importance of resolving trade deficits, claiming that the U.S. suffers losses of hundreds of billions of dollars each year with China.
- Trump confirmed that the tariffs he imposed resulted in significant investments in the U.S., stating, 'we have $7 trillion of committed investments' due to these tariffs.
- Reports indicate that Trump's tariffs have sparked trade tensions, with China vowing to counter similar tariffs, while U.S. allies express strong opposition to Washington's actions.
91 Articles
91 Articles
Trump's Tariffs Won't Reduce U.S. Trade Deficit, Chinese Economist Says - teleSUR English
The U.S. depends heavily on imports of intermediate goods from China and replacement would not be quick. The deficit in the US trade balance with China, the European Union, Mexico, Vietnam, among other countries, has been one of the arguments presented by US President Donald Trump to justify the implementation of what he called “reciprocal tariffs” , which will come into effect on Wednesday. RELATED: ‘We Won’t Accept Threats,’ China Says in Resp…
Trump Vows to Maintain Tariffs Until Trade Deficit Eliminated.
PULSE POINTS:What Happened: President Donald J. Trump stated that tariffs on other nations will remain until trade deficits with China, the European Union, and others are eliminated. Who’s Involved: President Trump, his economic advisers. Where & When: Remarks were made on Air Force One on Sunday; Trump was headed to his club in Jupiter, Florida. Key Quote: “Hundreds of billions of dollars a year we lose with China,” Trump said. “And unless we s…
Herald/Review Media
Trump Says Tariffs Will Stay Until Trade Deficit Disappears
WASHINGTON — President Donald Trump said Sunday that he would not reverse tariffs on other nations unless the trade deficits that the United States runs with China, the European Union and other countries disappeared.
US President Donald Trump on Sunday defended his sweeping tariffs amid falling markets, saying he “didn't want anything to fall.” “When you look at the trade deficit we have with some countries, with China it's a trillion dollars,” Trump told reporters traveling with him on Air Force One as he returned from Florida to Washington, D.C., on Sunday night. “And we need to solve our trade deficit with China. We lose hundreds of billions of dollars a …
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