Trump says he is ‘not interested’ in trade talks with China

Chinese and US national flags flutter at the entrance of an office in Beijing in January 2020.

WASHINGTON: US President Donald Trump on Tuesday (Jul 14) shut the door on Phase 2 trade negotiations with China, saying he does not want to talk to Beijing about trade because of the coronavirus pandemic.

“I’m not interested right now in talking to China,” Trump replied when asked in an interview with CBS News whether Phase 2 trade talks were dead.

“We made a great trade deal,” Trump said, of the Phase 1 agreement signed in January. “But as soon as the deal was done, the ink wasn’t even dry, and they hit us with the plague,” he said, referring to the novel coronavirus, which first emerged from the Chinese city of Wuhan.

For months, Trump has blamed China for sending the coronavirus to the United States, saying that China must be “held accountable” for failing to contain the disease. The pandemic has taken a stiff toll on the US economy, endangering Trump’s hopes for re-election in November.

China pledged to increase purchases of US farm and manufactured goods, energy and services by US$200 billion over two years as part of the Phase 1 trade deal, but Trump has said the pandemic changed his views on the agreement.

At the White House, Trump announced that he signed legislation and an executive order to hold China accountable for the “oppressive” national security law it imposed on Hong Kong.

The measure approved by Congress, the latest in a series of moves aimed at ratcheting up pressure on Beijing, gives Trump’s administration the authority to penalise banks doing business with Chinese officials who implement Beijing’s new national security law on Hong Kong.

Trump said he has no plans to talk with Chinese President Xi Jinping.

Even before the coronavirus pandemic began, few trade watchers in Washington were expecting Phase 2 negotiations to bear fruit before the 2020 election.

While Phase 1 focused mainly on Chinese purchases of US goods, improved US access to China’s financial services market and some intellectual property issues, Phase 2 was meant to tackle far more difficult issues associated with China’s technology transfer policies, industrial espionage and government subsidies to state-owned enterprises.

Z24 News

Leave a Reply

Your email address will not be published.

Next Post

In surprise move, Trump administration reverses course on barring many foreign students

Tue Jul 14 , 2020
NEW YORK: In a stunning reversal of policy, the Trump administration on Tuesday (Jul 14) abandoned an attempt to force out tens of thousands of foreign students following widespread condemnation of the move and pressure from colleges and major businesses. US officials announced last week that international students at schools […]


Social menu is not set. You need to create menu and assign it to Social Menu on Menu Settings.