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Trump says he could conclude a trade agreement with China, calls with Xi “friendly”

Trump says he could conclude a trade agreement with China, calls with Xi “friendly”

 


President Donald Trump said that his conversation with Chinese President Xi Jinping last week was friendly and he thought he could conclude a trade agreement with China.

Why is it important

The leaders of the two biggest economies in the world discussed questions such as Tiktok, trade and Taiwan during a telephone call before Trump took office on Monday.

Since entering into office, Trump has spoken of a punitive right of 10% on Chinese imports because he says fentanyl is sent from China to the United States via Mexico and Canada. However, he did not immediately impose prices as he had promised during his electoral campaign. Trump has also threatened with prices against the European Union, Mexico and Canada.

  • Read also: The United States prohibits digital currencies from the central bank; Forms Crypto Work Group led by David Sacks

Key quotes

“It went well. It was a good friendly conversation,” said Trump about his call with Xi in an interview with Fox News broadcast Thursday evening.

“I can do it,” said Trump in the interview when he was asked if he could conclude an agreement with China on fair practices.

Trump said he prefers not to use prices against China, but qualified “huge power” rates.

“But we have a very big power over China, and they are prices, and they don't want it, and I prefer not to have to use it, but it is a huge power over China,” Added Trump.

Context

The United States and China are involved in a range of diplomatic and economic disagreements, in particular an accelerated technological and military rivalry, bitter sales disputes and Washington's concerns concerning the ownership of the famous Tiktok social media application, including the company Mother is a Chinese company.

Sources

1/ https://Google.com/

2/ https://www.thehindubusinessline.com/news/world/trump-says-he-could-reach-trade-deal-with-china-calls-talk-with-xi-friendly/article69134883.ece

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