President Trump declared that negotiations with China will not proceed unless the trade deficit, exceeding $1 trillion, is addressed. He affirmed that while he is open to deals, the current surplus situation must change. The tariffs have reportedly boosted investments, yet trade deficits remain a barrier to further agreements.
President Donald Trump emphasized that the U.S. will not engage in trade negotiations with China until the significant trade deficit of over $1 trillion is addressed. Speaking aboard Air Force One, he highlighted the contrast between the U.S.-China deficit and those with other nations, stating, “We have a $1 trillion trade deficit with China. Hundreds of billions of dollars a year we lose to China, and unless we solve that problem, I’m not going to make a deal.”
Trump expressed his readiness to negotiate but insisted that China must first address its surplus. He referred to the trade deficit with China as a major issue, declaring, “I want that solved.” Additionally, he noted that the tariffs imposed have led to $7 trillion in investments in sectors like automotive manufacturing and technology, which he described as unprecedented levels.
Despite showing interest in negotiations with leaders from Europe and Asia, Trump maintained that the persistent trade deficits hinder any potential deals. He stated, “A deficit is a loss,” insisting on the need for the U.S. to achieve at least a break-even point in trade. He highlighted that the U.S.-China deficit is particularly detrimental, calling it “the worst in the group, because the deficit is so big, and it’s not sustainable.” Trump concluded by reaffirming, “I was elected on this.”
President Trump is firm in his stance: no trade deal with China will occur until the substantial trade deficit is rectified. He highlights the economic impact of tariffs, which have led to increased investments, while emphasizing the necessity for the U.S. to move toward surpluses instead of continued deficits.
Original Source: www.foxnews.com
