US-China Trade Deal 'Potentially Very Close', Says Donald Trump
But his remarks were a rejoinder to statements made hours earlier by Chinese leader Xi Jinping, who told a gathering of dignitaries in Beijing that China wanted a deal but was "not afraid" to fight back if needed.
US President Donald Trump holds what appears to be a prepared statement and handwritten notes after watching testimony by U.S. Ambassador to the European Union Gordon Sondland as he speaks to reporters while departing for travel to Austin, Texas from the South Lawn of the White House in Washington, November 20, 2019. (Reuters)
Washington: US President Donald Trump on Friday said Washington and Beijing could be on the cusp of sealing a partial trade deal but reiterated he was in no hurry to sign.
But Trump's remarks were a rejoinder to statements made hours earlier by Chinese leader Xi Jinping, who told a gathering of dignitaries in Beijing that China wanted a deal but was "not afraid" to fight back if needed.
"We have a deal, potentially very close," Trump said during a freewheeling interview on Fox News. "He wants to make a deal much more than I want to make it. I'm not anxious to make it."
Trump added that revenues from tariffs on Chinese imports were a windfall for the United States, something economists say is in fact weighing on the economy.
Trump's remarks did little to clarify if the two parties are in fact making progress in finalising the text of the "phase one" agreement he announced last month.
China has called for a rollback of existing US tariffs as part of the agreement but US officials have said instead they could consider delaying a fresh round of duty increases that are set to take effect on December 15.
The US-trade conflict is now well into its second year, with hundreds of billions of dollars in two-way trade subject to steep duties.
Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.
Recommended For You
- Maybe He Has Got too Carried Away with the Game, Says Paras Chhabra's Girlfriend Akanksha Puri
- Vikas Gupta Confirms Entry in Bigg Boss 13 with New Instagram Post?
- Hyderabad Encounter: Petition Filed in NHRC Seeking Autopsy of Bodies of the Rape Accused
- Data Protection Law Gets Closer to Reality With Stiff Penalties for Data Leaks And Breaches
- Counterfeit Xiaomi Products Worth Rs 13 Lakhs Seized From Delhi's Gaffar Market