Categories: Business

Donald Trump refuses to renegotiate trade deal with China


Trump not interested in renegotiating trade deal as China urges fresh talks

Washington American President Donald Trump that his start renegotiating the trade agreement with China is not interested. A day earlier, the US warned Beijing of suffering very serious consequences if it did not honor the agreement reached earlier this year to end the trade war. Trump's statement came in the context of a report by Hong Kong's South China Morning Post that said China wanted to renegotiate the trade deal to make it more favorable to Beijing.

In relation to this report, Trump was asked, are you willing to do this? Trump said no to this on Monday. never. Not even to some extent. No, I'm not interested. We have signed the agreement. I have also heard about this. They want to reopen trade talks to create a better agreement for themselves.

Trump said that China had been taking advantage of the US for decades, as his predecessors allowed it to happen. He said no, I am not interested in it. Given that he signed the agreement, they do not comply.

US Treasury Secretary Steven Mnucin warned on May four that if China did not respect the trade agreement will be serious consequences. Trump has previously stated that if China did not honor the agreement and did not follow its provisions in the wake of the Corona virus epidemic, they would cancel it. Under the agreement reached between the US and China in January, Beijing agreed to purchase at least $ 200 billion worth of American products and services in 2020-21.

This post was published on May 12, 2020 3:21 pm

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