SAINT-JEAN-DE-LUZ, France, August 26: United States President Donald Trump on Monday said China is keen to roll back to the “calm” negotiation table and that the world’s two largest economies are expected to kick-off their trade talks soon.
According to CNBC news, Trump said Bejing called last night “our top trade people and said ‘let’s get back to the table’ so we will be getting back to the table and I think they want to do something”.
He added China have been hurt very badly with US tariffs on Chinese export but understand “this is the right thing to do and I have great respect for it. This is a very positive development for the world”.
“They’ve been hurt very badly but they understand this is the right thing to do,” he said.
“I think we are going to have a deal,” he added. “They have supply chains that are unbelievably intricate and people are all leaving and they are going to other countries, including the United States by the way, we are going to get a lot of them too.”
Trump has on Sunday stated China and the US were finally getting along in a good manner and have resumed talks.
“Actually we are getting along very well with China right now, we are talking. I think they want to make a deal much more than I do. I’m getting a lot of money in tariffs its coming in by the billions. We’ve never gotten 10 cents from China, so we will see what happens,” Trump said on Sunday.
“I could declare a national emergency, I think when they steal and take out and intellectual property theft anywhere from $300 billion to $500 billion a year and when we have a total lost of almost a trillion dollars a year for many years,” Trump said, further adding he had not planned to call on national emergency.
Moreover, US treasury secretary Steven Mnuchin also doubled down on Trump’s latest effort in the trade spat by labelling China for unfair trade rules. On the sidelines of the G7 summit on Sunday, Mnuchin said, “We do not have free trade with them.”