China wants trade deal badly but it must be right, says Trump

Evarado Alatorre
Noviembre 10, 2019

"I'd like to make a deal but it's got to be the right deal", Trump added, saying that the US Treasury was collecting tens of billions of dollars in tariffs from the Chinese. Last week, USA and Chinese officials confirmed that they had made substantial progress on a deal and had reached a "consensus of principles", with Trump telling reporters that he would like to see the deal demonstratively signed somewhere in the United States, possibly in Iowa, by himself and Chinese President Xi Jinping.

"The trade talks with China are moving along, I think, very nicely and if we make the deal that we want it will be a great deal and if it's not a great deal, I won't make it", he said.

"China very much wants to make a deal", Trump said.

Trump also described as "incorrect" reports about how much the U.S. was ready to roll back tariffs on China.

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A spokesman for China's Ministry of Commerce said negotiators had discussions and "agreed to remove the additional tariffs in phases as progress is made on the agreement". "They're having the worst year they've had in 57 years". "I'd like to make a deal, but it's got to be the right deal".

"The level of tariff lift is incorrect", Trump said in reference to news reports. He did not elaborate.

White House economic adviser Larry Kudlow also said on Thursday that "if there's a phase one trade deal, there are going to be tariff agreements and concessions".

On Friday, in comments that hit stock prices and the dollar, Trump said he had not agreed to a tariff rollback. "I haven't agreed to anything", he told reporters then.

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