Trade war: China not ready for a deal yet, says Donald Trump

Clay Curtis
October 16, 2018

China's ambassador to the United States said on Sunday he and other diplomats in Washington did not know which advisers Donald Trump turns to when forming policy on trade. Of course, presumably the president would take the final decision, but who is playing what role?

"I was very honoured to be present at the meetings between the two presidents, both at Mar-a-Lago in April past year, and in Beijing last November", Cui said in the Fox News interview taped on Friday.

The interview comes as relations between Beijing and Washington plumbed new lows, following allegations of Chinese interference in USA elections and rising military tensions.

The Illinois Democrat's remarks came one day after the airing of a "60 Minutes" interview in which Trump said that he believes Russian President Vladimir Putin has "probably" been involved in assassinations and poisonings but that those incidents were "not in our country".

President Donald Trump has alleged China, in addition to Russian Federation, meddled in the 2016 USA presidential elections.

President Trump has been very clear that China must halt "unfair" trading practices including theft of USA intellectual property.

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Both sides are aiming for progress ahead of a summit on Wednesday that could pave the way to the deal being signed in November. Labour's shadow Brexit secretary Sir Keir Starmer said: "The government's no-deal planning won't reassure anyone".

China's crude oil imports from America reached an average of 334,880 barrels per day through August, making Beijing the second-largest buyer of United States oil after Canada. "It's important to notice who started this trade war".

"If these are countries that say they are allied with us in values, we have to make it clear they are not", he added.

"There's a good mutual understanding and good working relationship between the two". "So I hope China doesn't blink". "I want them to open their markets like our markets are open", Trump said in the interview that aired Sunday, while adding that more tariffs "might" be in the mix.

At a World Bank/International Monetary Fund meeting last week in Bali, global finance chiefs warned that the US-China trade spat, coupled with rising US interest rates and tanking emerging-market currencies, could push the world to financial crisis.

The US president said he wants a trade deal with China but doesn't think Beijing is ready for it yet. "I think the U.S. and China will be back at the negotiating table later this fall, with signs of progress on market access for key American sectors such as financial services".

"China hopes a meeting can reduce the differences ... but the USA is focused on [whether a meeting] can yield results", Liu said, adding that many of Washington's demands were still unacceptable to Beijing.

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