Published 08:15 IST, September 21st 2019
Trump flips on China, says 'No need for a deal prior 2020 elections'
US President Donald Trump has said he does not feel the need to strike a trade agreement with China before the next year's presidential elections in November
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US President Donald Trump has said he does t feel need to strike a tre agreement with China before next year's presidential elections. He emphasized that he is looking for a complete and t a "partial deal" with Beijing. world's two largest ecomies have been locked in a bruising tre war since Trump in March last year imposed tariff hikes of up to 25 per cent on USD 250 billion of Chinese goods. In response, China, world's second largest ecomy after US, imposed tit-for-tat tariffs on USD 110 billion of American goods.
' deal before US elections': Trump
", I don't think I need it before election," Trump told reporters on Friday at a joint news conference with Australian Prime Minister Scott Morrison when asked if he feels need for a tre deal with China before 2020 presidential elections. Trump insisted that he was looking for a complete tre deal. "We are looking for a complete deal. I am t looking for a partial deal," he said. "China has been starting to buy our agricultural product. If you ticed over last week and actually some very big purchases but that is t what I am looking for. We are looking for a big deal. We have taken it to this level," Trump said.
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US-China tre war
tre dispute between US and China widened in August, with each side imposing retaliatory tariffs on or. But re have been signs of de-escalation in recent days, and Trump has increasingly expressed optimism of reaching a deal with China. US and Chinese counterparts have resumed tre talks this month. On September 19 and 20, deputy-level negotiators from United States and China met here to continue discussions aimed at improving tre relationship between two countries, United States Tre Representative said in a statement. se discussions were productive, and United States looks forward to welcoming a delegation from China for principal-level meetings in October, it said.
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Trump calls China 'worst ecomy'
President Trump said US was taking in billions and billions of dollars of tariffs from China as a result of his policies. China has devalued ir currency and y are putting in lot of money into ir ecomy and y have a very b ecomy right w, he said. "I don't want m to have a b ecomy, but it is worst y say 57 years," he said. Trump said two weeks ago Chinese ecomy was worst in 22 years, but w it is 57 years and is only going to get worse. "ir supply chain is being broken up very bly and companies are leaving because y can't pay 25, soon to go to 30 per cent tariff and we have 30 per cent very shortly on USD 250 billion," he said. "We have ar tariff and a slightly smaller number on about USD 300 billion worth of goods and products so y would like to do something as you kw we are talking a little bit this week talking about lot next week and n top people are going to be speaking week following," Trump said.
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"We can do a very big deal with China and it could go very quickly as you kw but it wouldn't be appropriate deal. We have to do it right. And that's a very complicated deal with intellectual property protection we have to do that and or things. I could leave lots out and have a deal very quickly but we want to do it right," Trump said.
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Australian Prime Minister Scott Morrison on China
Morrison emphasised that it was always necessary for deals to be fair. "Deals have got to be a good deals, deals have got to be sustainable deals and one of things we have seen is Australia benefits greatly from ecomic growth of China," he said. "re are some real serious issues that have to be dressed in that deal, things like intellectual property. That is a big issue and it needs to be dressed. So we look forward to m achieving it and providing broer certainty and stability to global ecomy which all nations will benefit from," prime minister said.
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07:50 IST, September 21st 2019