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US under 'no pressure' for trade deal with China: Trump

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Washington | Friday, Sep 14 2018 IST
While the prospects of new tariffs are looming, US President Donald Trump has asserted that Washington was under "no pressure" to strike a trade deal with China.

A trade war between US and China started in June this year, in which both the leading economies imposed tariffs on each other goods. The US and China have slapped tariffs on $50bn of one another's goods.

The comments come amid reports the two sides could resume talks to stave off a third round of US tariffs, a BBC report said.

China welcomed the offer of talks and said the two countries were discussing the details, according to reports.

"We are under no pressure to make a deal with China, they are under pressure to make a deal with us," Mr Trump said in a tweet on Thursday. The tariffs are the latest Trump policy to challenge the free trade system which has prevailed for decades.

If both sets of tariffs go ahead it would mean virtually all of China's US exports would be subject to new tariffs.

"The US administration views tariffs as a way of getting the attention of the Chinese leadership and increasing their leverage at the negotiating table," Michael Froman, former US trade representative told the BBC. UNI XC PS SHK1908

-- (UNI) -- C-1-1-DL0421-1516592.Xml

 
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