US President Donald Trump said that Washington is not ready to conclude a trade deal with Beijing. He said this during a visit to Japan, writes Bloomberg.
“I think they [the Chinese] probably would like to make a deal on the terms that were offered before they decided to revise them. They would like to make a deal, but we are not ready to go for it,” Trump said. US President added that the duties imposed by the US on Chinese imports could “grow very substantially, very easily.”
At the same time, Trump expressed confidence that eventually Washington and Beijing will be able to agree. “I think that someday in the future, China and the US will make an excellent trade deal, and we look forward to it,” he said.
A new round of trade confrontation between the US and China occurred in May 2019, when Washington, after unsuccessful negotiations with Beijing, introduced increased duties on Chinese imports. They affected goods worth $ 200 billion. In addition, Trump instructed to start the process of increasing duties on Chinese products by another $ 300 billion. In response, the Chinese side imposed its own restrictions on US imports of $ 60 billion.
After the introduction of tariffs, Trump also declared a state of emergency in the country to protect American communication networks. As part of this, the Chinese smartphone manufacturer Huawei was blacklisted companies that can cooperate with American business only with a special license. The companies granted a three-month grace period. China has threatened to respond to this step from the American side with its own measures.