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

10 Novembre, 2019, 20:56 | Auteur: Anatole Charbonneau
  • Asian shares pick up on U.S.-China trade deal hopes

President Donald Trump said trade talks with China are moving along "very nicely", and said the leaders in Beijing wanted a deal "much more than I do".

"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.

Trump made clear Friday that the USA has not yet reached an agreement and emphasised that he wouldn't eliminate all tariffs, muddying hopes raised by China and even some of his own aides that the United States was ready to lift some tariffs to secure a trade deal.

Trump said there had been incorrect reporting about USA willingness to lift tariffs, which he said had brought in tens of billions of dollars for the United States and soon "literally hundreds of billions of dollars". "They're having the worst year they've had in 57 years".

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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". Their supply chain is all broken, like an egg, they want to make a deal, perhaps they have to make a deal. Kudlow on Thursday said "if there's a phase one trade deal, there are going to be tariff agreements and concessions".

On Friday, Trump, in comments that hit stock prices and the dollar, said he had not agreed to a tariff rollback.

On Saturday, in reference to news reports, Trump said: "The level of tariff lift is incorrect". "I haven't agreed to anything", he told reporters then. "I don't know, I don't care, that's up to them".

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