According to a report by Bloomberg citing a Fox Business interview, President Trump stated that there needs to be a fair deal with China.
President Donald Trump on Friday reportedly said that China “forced” him to levy tariffs on the latter, amid ongoing tensions between the Trump administration and its Chinese counterparts.
According to a report by Bloomberg citing a Fox Business interview, President Trump stated that there needs to be a fair deal with China, ahead of a meeting with President Xi Jinping at the Asia-Pacific Economic Cooperation summit in South Korea later this month.
“I think we’re going to be fine with China, but we have to have a fair deal. It’s got to be fair,” he said in the interview, adding that he gets along well with President Xi.
However, despite threatening a “massive” tariff hike against China, President Trump said it’s “not sustainable” when asked if these levies would remain in place without having a notable adverse impact on the U.S. economy. “But that’s what the number is, it’s probably not, you know, it could stand, but they forced me to do that,” he added, according to the report.
Get updates to this story developing directly on Stocktwits.<
For updates and corrections, email newsroom[at]stocktwits[dot]com.<
