US EditionTrump says US not willing to make deal with China unless trade deficit is solved
- President Donald Trump stated that the U.S. will not reverse tariffs unless trade deficits with China and others are resolved, claiming, "Hundreds of billions of dollars a year we lose with China."
- Trump's tariffs aim to support American manufacturing and raise revenue for the economy, despite facing substantial backlash from countries, including China, which retaliated with its own tariffs.
- Kevin Hassett, head of the White House National Economic Council, remarked that he did not expect a significant consumer impact from the tariffs, even if prices might increase.
- Concerns about market instability have led some lawmakers to advocate for Congress to reclaim authority over tariffs.
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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