Trump says tariffs making companies leave China, a deal can't be '50-50'
By David Lawder and Nandita Bose
WASHINGTON, May 19 (Reuters) - U.S. President Donald Trump
said his tariffs on Chinese goods are causing companies to move
production out of China to Vietnam and other countries in Asia,
and added that any agreement with China cannot be a "50-50"
In an interview with Fox News Channel recorded last week and
aired on Sunday night, Trump said that the United States and
China "had a very strong deal, we had a good deal, and they
changed it. And I said that's OK, we're going to tariff their
No further trade talks between top Chinese and U.S. trade
negotiators have been scheduled since the last round ended on
May 10 - the same day Trump raised the tariff rate on $200
billion worth of Chinese products from 10 percent.
Trump took the step after China soured the negotiations by
seeking major changes to a deal that U.S. officials said had
been largely agreed.
Since then, China has struck a sterner tone in its rhetoric,
suggesting that a resumption of talks aimed at ending the
10-month trade war between the world's two largest economies was
unlikely to happen soon.
Trump, who said the interview with Fox News host Steve
Hilton had taken place two days after he raised the tariffs,
said he would be happy to simply keep tariffs on Chinese
products, because the United States would be taking in $100
billion or more in tariffs.
But he added that he believed that China would eventually
make a deal with the United States "because they're getting
killed with the tariffs, China' getting totally killed."
But he said that he had told Chinese President Xi Jinping
before the most recent rounds of talks that any deal could not
be "50-50" between the two countries and had to be more in favor
of the United States because of past trade practices by China.
Trump also said that Democratic presidential candidate and
former U.S. vice president Joe Biden should be investigated over
a conservative author's allegation that Biden's son Hunter Biden
took advantage of his father's position to sign a lucrative
business deal with state-controlled Bank of China.
The allegation was made in Peter Schweizer's 2018 book "Secret
Asked if this should be investigated, Trump said: "100
percent. It’s a disgrace and then (Joe Biden) says China’s not a
competitor of ours. China is a massive competitor of ours. They
want to take over the world."
(Reporting by David Lawder; Editing by Sandra Maler and Richard
First Published: 2019-05-20 03:39:57
Updated 2019-05-20 05:02:21
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