Tuesday, December 10, 2019


America Continues Discussion Over Trade Agreement With China, Says President Trump

On Wednesday, the United States President Donald Trump has said that America is continuously discussing with China, but disclosed no…

By Chandrani Sarkar , in US News , at November 21, 2019 Tags: , , , , , ,

On Wednesday, the United States President Donald Trump has said that America is continuously discussing with China, but disclosed no other details, as both nations tried to shape out a phase over trade agreement ahead of imposing US tariffs due next month. 

President Trump told sources at the White House that “we continue to talk to China. China wants to make a deal. The question is: Do I want to make a deal? Because I like what’s happening now.”

In October, the US President has announced an agreement for a primary trade deal with Beijing but nothing officially has been released. The pact had initially been predicted to be signed by the middle of this month, but experts claimed it could be pushed into the following year.

Two people directed on the trade talks have stated that President Donald Trump wanted deeper concessions from Beijing in order to make changes in existing tariffs and scrap additional tariffs on some $156 billion China-based consumer goods, which are scheduled to be effective from December 15.    

On Tuesday, President Trump further threatened to raise high tariffs if no deal resulted in Beijing. 

The ongoing trade differences between the two largest economies of the work have disturbed the international financial markets and also threatened economic growth globally.