President Trump asserts that the U.S. will not negotiate with China unless the $1 trillion trade deficit is resolved. He cites his commitment to addressing this issue as part of his agenda, highlighting investment opportunities created by tariffs.
President Donald Trump has stated that the United States will not enter into a trade agreement with China until the substantial trade deficit of over $1 trillion is addressed. In comments made while aboard Air Force One, Trump emphasized the significance of the trade imbalance, noting that the deficit with China is unparalleled compared to other countries. “We have a $1 trillion trade deficit with China. Hundreds of billions of dollars a year we lose to China, and unless we solve that problem, I’m not going to make a deal,” he remarked.
Trump expressed willingness to negotiate with China, contingent upon resolving the trade surplus. He highlighted the importance of mitigating the deficit issue, labeling it a “tremendous deficit problem with China” that requires urgent attention. He asserted, “I want that solved.”
Furthermore, he indicated that the tariffs imposed have resulted in approximately $7 trillion in committed investments in the U.S. for industries such as automotive manufacturing and technology sectors. Trump mentioned discussions with various leaders from Europe and Asia who express eagerness for trade negotiations, but reiterated that no deals will be made while trade deficits persist.
Trump described a deficit as a “loss” and emphasized his objective for the U.S. to achieve trade surpluses or, at the very least, break even. He characterized the $1 trillion deficit with China as particularly concerning, stating that it is “not sustainable.” He concluded by affirming, “I was elected on this.”
In summary, President Trump remains firm on his stance regarding the trade deficit with China, indicating that negotiations will not proceed until the deficit is resolved. He has underscored the potential for significant investments in the U.S. economy arising from tariff policies. Trump’s commitment to addressing trade imbalances reflects his overarching agenda and priorities regarding international trade relations.
Original Source: www.foxnews.com
