United States  

Trusted News Discovery Since 2008
One News Page
> > >

Trump says U.S. close to signing 'phase one' trade deal with China

Video Credit: Reuters Studio - Duration: 01:52s - Published < > Embed
Trump says U.S. close to signing 'phase one' trade deal with China

Trump says U.S. close to signing 'phase one' trade deal with China

President Donald Trump on Tuesday said the United States is close to signing a "phase one" trade deal with China, adding in a speech to the Economic Club of New York he will only accept a deal if it is good for his country and U.S. workers.

Chris Dignam has more.

0
shares
ShareTweetSavePostSend
 

Trump says U.S. close to signing 'phase one' trade deal with China

(SOUNDBITE) U.S. PRESIDENT DONALD TRUMP, SAYING: "Nowhere has the change in U.S. strategy been more vital or dramatic than in our dealings with respect to China." President Donald Trump on Tuesday said the United States is close to signing a "phase one" trade deal with China, but offered no fresh details on his administration’s long-running trade war with Beijing.

(SOUNDBITE) U.S. PRESIDENT DONALD TRUMP, SAYING: "They are dying to make a deal.

We're the ones that are deciding whether or not we want to make a deal.

We're close.

A significant phase one trade deal with China could happen.

It could happen soon.

But we will only accept a deal if it's good for the United States and our workers and our great companies." In a highly anticipated speech to the Economic Club of New York, Trump blamed past administrations for allowing China to manipulate trade agreements... (SOUNDBITE) U.S. PRESIDENT DONALD TRUMP, SAYING: "Just sat back.

Maybe they didn't understand what was going on.

It's impossible to believe that." And Trump renewed his trade attacks on the Chinese.

(SOUNDBITE) U.S. PRESIDENT DONALD TRUMP, SAYING: "No one has manipulated numbers better or taken advantage of the United States more.

And I won't use this word 'cheated.'

I will not say the word ‘cheated,’ but nobody’s cheated better than China, but I will not say that.” For weeks Trump has said the countries are close to a deal that would end their damaging trade war.

But, last week, officials from both countries said they had a deal to roll back tariffs, only to have Trump deny any deal was agreed on.

The S&P 500 Index is up more than 36% since Trump took office, though two-thirds of that gain occurred in his first year in the White House before he began imposing tariffs on imports from China.

Despite the simmering tensions, the S&P 500 edged higher on Tuesday close to record highs.



Recent related news from verified sources

Trump’s ‘Phase One’ Trade Deal With China Won’t Stop Trade Wars From Being the New Normal


TIME - Published

The world's most accurate economic forecaster 8 years running told us why Trump's Phase One trade deal is not nearly enough to prevent a looming US slowdown

The world's most accurate economic forecaster 8 years running told us why Trump's Phase One trade deal is not nearly enough to prevent a looming US slowdown· The Phase One trade deal between the US and China will not serve as a silver bullet that reignites...
Business Insider - Published


You Might Like


Tweets about this

deancollins

dean collins RT @ReutersBiz: The United States and China will have a signing ceremony for their Phase 1 trade deal agreement, according to President Tru… 5 days ago


Recent related videos from verified sources

Joel Rubin discusses US-China trade agreement [Video]Joel Rubin discusses US-China trade agreement

Former Deputy Assistant Secretary of State Joel Rubin joins Larry King on PoliticKING to analyze the latest with the U.S-Iran crisis and discuss the framework of the trade agreement with China.

Credit: PoliticKing     Duration: 10:37Published

Jim Cramer: Phase One Was a Big Win [Video]Jim Cramer: Phase One Was a Big Win

Jim Cramer thinks that the phase one trade deal was a big win, here's why investors shouldn't start thinking about phase two just yet.

Credit: The Street     Duration: 01:41Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2020 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.