Trump not willing to make deal with China unless trade deficit is solved
President Donald Trump made it clear on Sunday that he is not willing to engage in a trade deal with China unless the staggering trade deficit of over $1 trillion is addressed and resolved. Speaking to reporters aboard Air Force One, Trump emphasized the gravity of the situation by pointing out that while some countries have trade deficits exceeding a billion dollars, the deficit with China surpasses a monumental $1 trillion.
“We have a $1 trillion trade deficit with China. Hundreds of billions of dollars a year are lost to China, and unless we tackle this issue, I am not interested in striking a deal,” Trump asserted. “I am open to negotiations with China, but they must address this surplus. Our deficit problem with China is significant… I want to see it resolved.”
Trump further highlighted the impact of tariffs by stating that the United States has secured $7 trillion in committed investments for the construction of automotive manufacturing plants, semiconductor companies, and various other businesses, marking unprecedented levels of investment.
Despite expressing a willingness to negotiate with other countries, Trump emphasized that trade deficits remain a critical factor in his decision-making process. He revealed that numerous leaders in Europe and Asia are eager to negotiate deals, but as long as deficits persist, he remains steadfast in his stance.
“A deficit signifies a loss,” Trump explained. “Our goal is to achieve surpluses or, at the very least, break even. China’s deficit stands out as the largest within the group, and it is simply unsustainable.”
Trump underscored that his commitment to addressing trade imbalances was a central tenet of his election campaign, underscoring the importance of achieving fair and balanced trade agreements.
As discussions surrounding trade relations continue, it is evident that Trump remains resolute in his stance on resolving the trade deficit with China before committing to any new agreements.
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