The United States’ President, Donald Trump has aired his opinion about the stalled trade talks with the Chinese’s government. In a tweet on Saturday, the president said he thinks Beijing is waiting for a Democratic President-elect in 2020 before resuming the trade talks with hopes of securing favorable terms. In the tweets which followed, he advised China to come to terms with the United States soon or face possibly worse conditions if they continue to stall.
This remark came after the negotiation talks between both the countries ended without coming to terms on Friday.
In retaliation for not agreeing to terms, the United States has imposed $200 billion additional tariffs in Chinese goods and has promised more tariffs on other Chinese products worth about $325 billion.
According to Vice Premier Liu He, who is China’s top negotiator, both countries have agreed to further talks and urged the United States to remove all extra tariffs before hoping for an agreement.
Robert Lighthizer, the United States’ Trade Representative, President Trump’s administration will release detailed tariff rates on $325 billion Chinese imports on Monday.
The trade deal was imminent until China sent a cable with redacted texts to the American trade negotiators. The modification to the deal is a sign of China’s retraction of the commitment made in the several months of negotiations.
Despite no successful trade agreement between both countries, the United States’ economy has not been affected as the Gross Domestic Product has risen at 3.2% annual rate with 213,000 jobs being created monthly and has thus placed unemployment figures at its lowest.
