No timeline for U.S. – China trade agreement

United States
Published:  05 December, 2019

On the side lines of the NATO summit in London, the U.S. President said he has “no deadline” for reaching a trade deal with China.

“I have no deadline, no. In some ways, I think it’s better to wait until after the election”, said Donald Trump. “In some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now and we’ll see whether the deal’s going to be right - it’s got to be right”, he added. Trump also said that after having recently signed the Hong Kong Human Rights and Democracy Act, this could hamper his chances of securing a trade deal with China. The U.S. presidential election is scheduled for November 3, 2020.

During the Nato meeting, Trump also imposed tariffs on steel and aluminium imports from Brazil and Argentina and, as reported by ILM, threatened 100% duties on French goods, including leather handbags.

Sources: South China Morning Post/Fox Business