The Trump China war escalates with the US President now warning China that they should not delay to see the results of the 2020 US elections, to make a trade deal with the US.
Trump Tweeted, “China may wait till 2020 US presidential election to sign trade deal.‘
Trump Tweeted Further
“The problem with them waiting… is that if & when I win, the deal that they get will be much tougher than what we are negotiating now… or no deal at all.” America and China have the world’s largest economies and the trade war between them, has shaken financial markets all over the world.
The US President Also Said
“China’s economy is going down the tubes – they want to make a deal.”
He added addressing China,
“You have another $325bn that I haven’t taxed yet – it’s ripe for taxing, for putting tariffs on.”
In attempts to force the Chinese to stick to intellectual property laws, $200bn worth of levies have already been imposed on China by the US President. Donald Trump also declared that he was also all set to slap more tariffs to the tune ofmore than $300bn, on all Chinese imports that remained.
China Not Keeping Its Word?
Perhaps one of the reasons why the US President is resorting to take such drastic measures against China is as he says,
“China … was supposed to start buying our agricultural product now – no signs that they are doing so. That is the problem with China, they just don’t come through.”
China Trade Tariffs Only Hurting China?
The US President said that the tariffs that were imposed by China, were hurting only China and America was benefiting from this situation. He stated,
“What is happening is people are moving out of China. Companies are moving out of China, by the way, some are coming back to the United States because they don’t want to pay the tariff.”
What People Are Saying
Morgan Stanley, Chief China Economist in Hong Kong, Robin Xing, says,
“There is still a huge gap between the two sides on key sticking points. So far there is still no clear path toward a comprehensive deal.“
Former US Treasury attache in Beijing, David Dollar, said,
“China is not going to make dramatic concessions, so the issue for the US side is whether it wants to accept a practical compromise or resume escalation.”
Keio University, Professor of Law, Jiro Tamura, says,
“On a certain level he’s going to have to figure out how to get out of this by having his staff negotiate with Chinese experts to come to some kind of understanding … I don’t think he is going to just keep on going until both sides come into a big disagreement and get into a really serious situation.”
The Final Word On China By The US President
“China is dying to make a deal with me. But whether or not I do it, is up to me. It’s not up to them. China is willing to give up a lot. But that doesn’t mean I’m willing to accept it.“
Donald Trump said that China would prefer to make a deal with a Democrat. He added,
“I think that China will probably say, ‘let’s wait. When I win, like almost immediately, they’re all going to sign deals.“