×

Trump calls trade war with China a ‘little quarrel’

Trump calls trade war with China a 'little quarrel' 3

Trump calls trade war with China a ‘little quarrel’

`We are having a small quarrel with China, because we have been treated very unfairly for decades,` US President Donald Trump said to the press yesterday, referring to business complaints.

He also denied that negotiations with China had failed.

`We’re still talking. This is always going on,` Trump said.

Chinese President Xi Jinping and US President Donald Trump.

The main indexes on the US stock exchange yesterday increased more than 1%, after the second session lost nearly 3%.

Yesterday, Chinese Foreign Ministry spokesman Geng Shuang said the US and China had agreed to continue `pursuing relevant discussions`.

In a post on Twitter yesterday, Trump continued to call for China to buy American agricultural products.

Earlier this week, Trump said the US government would provide $15 billion in support to farmers whose products are affected by China’s import taxes.

Experts are also concerned that the impact of import taxes could spread to the entire US economy, if businesses raise the prices of a series of consumer products.

The US-China trade war broke out in July 2018 with the US imposing import taxes on $34 billion of Chinese goods, accusing the country of violating intellectual property rights and having unfair trade practices.

In December 2018, the two countries had a 90-day ceasefire while waiting to negotiate a trade agreement.

However, in early May, the US suddenly raised tariffs on 200 billion USD of Chinese goods because it believed that Beijing had changed its commitments.

Post Comment