Published 12:29 IST, October 10th 2019
'China badly wants trade negotiations with US': Donald Trump
US President Donald Trump on the trade negotiations between the United States and China, that China’s economy is worst hit and badly wants a trade deal with US.
Speaking about the trade negotiations between the United States and China, US President Donald Trump said that China is facing difficult times in keeping up with its economy, worst hit in decades and looks forward to a trade deal with the US which might help ease the current situation for China. Trump told global media at the White House that “China is having a hard time at this moment. And I think they'd like to make a deal very badly. And so we have a lot of things that are really exciting." Both the nations are scheduled to hold another round of bilateral talks on trade on October 10.
Trade deal can end trade war
Economic experts look forward to the negotiations as both countries try to ease the trade tensions and also end their trade war, which has long affected the world economy. The US Trade Representative Robert Lighthizer and Secretary of Treasury Steven Mnuchin will participate in the discussion representing the US trade interests, and Vice Premier Liu He will lead the Chinese delegation. Donald Trump while addressing the reporters suggested that there are some good deals under trade negotiation. He said, “The two countries have been unsuccessfully talking for about a year now. We have some tremendous deals under negotiation. So despite all of that, we have a great economy and a great market.” He further added that China is showing its willingness to fetch a deal with the US. “In my opinion, China wants to make a deal more than I do, Trump said, adding that he is happy even without a trade deal.”
Donald Trump suggests growth in US economy
Later, Trump also praised the growth in the US economy which seems to continuously grow. He said that at present the economy is not facing any inflation suggesting that there is not much price fluctuation. Trump said that a trade negotiation among both the nations will be beneficial for China, which has witnessed over 3.5 million job losses. Drawing a comparison between both the countries, he pointed out that China has suffered a major loss going down trillions of dollars whereas the US economy has gone up many trillions of dollars. He asserted that the US has a strong stock market and a stronger economy. He concluded on a positive note saying, “China wants to make a deal very badly. And if we can make a deal, we're going to make a deal. There's a really good chance. There's a really good chance."
Updated 15:41 IST, October 10th 2019