U.S. President Donald Trump addresses at the National Association of Realtors Legislative Meeting and Trade Expo in Washington, D.C., U.S., on Friday, May 17, 2019.
Olivier Douliery | Bloomberg | Getty Tropes
U.S. President Donald Trump said his tariffs on Chinese goods are causing companies to move production out of China to Vietnam and other surroundings in Asia, and added that any agreement with China cannot be a “50-50” deal.
In an interview with Fox Newsflash Channel recorded last week and aired on Sunday night, Trump said that the United States and China “had a identical strong deal, we had a good deal, and they changed it. And I said that’s OK, we’re going to tariff their products.”
No help trade talks between top Chinese and U.S. trade negotiators have been scheduled since the last round ended on May 10 — the very day Trump raised the tariff rate on $200 billion worth of Chinese products from 10%.
Trump took the abdicate after China soured the negotiations by seeking major changes to a deal that U.S. officials said had been fundamentally agreed.
Since then, China has struck a sterner tone in its rhetoric, suggesting that a resumption of talks sought at ending the 10-month trade war between the world’s two largest economies was unlikely to happen soon.
Trump, who said the vetting with Fox News host Steve Hilton had taken place two days after he raised the tariffs, said he inclination be happy to simply keep tariffs on Chinese products, because the United States would be taking in $100 billion or numberless in tariffs.
But he added that he believed that China would eventually make a deal with the United Expresses “because they’re getting killed with the tariffs, China’ getting totally killed.”
But he said that he had grass oned Chinese President Xi Jinping before the most recent rounds of talks that any deal could not be “50-50” between the two countries and had to be myriad in favor of the United States because of past trade practices by China.
Trump also said that Self-governing presidential candidate and former U.S. vice president Joe Biden should be investigated over a conservative author’s allegation that Biden’s son Huntress Biden took advantage of his father’s position to sign a lucrative business deal with state-controlled Bank of China. The avowal was made in Peter Schweizer’s 2018 book “Secret Empires.”
Asked if this should be investigated, Trump said: “100%. It’s a odium and then (Joe Biden) says China’s not a competitor of ours. China is a massive competitor of ours. They want to arrogate over the world.”