Trump told reporters in the Oval Office that further tariffs on Chinese goods may not be needed because \u201cChina wants to make a deal.\u201d<\/p>\n
\u201cThey sent a list of things that they’re willing to do, which was a large list,\u201d he added.<\/p>\n
Trump\u2019s comments gave a boost to U.S. stocks with the Dow Jones finishing the day up more than 100 points.<\/p>\n
Trump, however, remained committed to his longtime demand of \u201creciprocal trade\u201d with China, which is responsible for a large part of the U.S.\u2019s trade deficit. The U.S. posted a $376 billion deficit in goods with China last year, which is more that 66 percent of its total deficit of $566 billion.<\/p>\n
The Trump administration took controversial steps to reduce its trade deficit with protectionist measures and put tariffs on more than $250 billion worth of Chinese goods. The president also threatened to place tariffs on an additional $267 billion in goods in an effort to get China back to the negotiating table.<\/p>\n
But so far, Washington’s tariffs on Beijing have not provided a remedy, with the U.S. deficit on track to set a record in 2018. The deficit with China also increased to $301 billion in the first 9 months of 2018 — up 10 percent compared to September 2017.<\/p>\n
Despite official numbers from his own Commerce Department, Trump thinks his trade policies are working to pressure China to sign a reciprocal trade deal.<\/p>\n
\u201cChina’s never been put in this position,\u201d he claimed, adding that Chinese asset prices have been down around 30 percent since the imposition of trade measures.<\/p>\n
“I think we’ll have a deal. We’ll find out very soon,” Trump said.<\/p>\n\n","protected":false},"excerpt":{"rendered":"
U.S. President Donald Trump said Friday that China recently sent a list of compromises to reach a trade agreement. Trump told reporters in the Oval Office that further tariffs on Chinese goods may not be needed because \u201cChina wants to make a deal.\u201d \u201cThey sent a list of things that they’re willing to do, which …<\/p>\n","protected":false},"author":3,"featured_media":61980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30,80,1,118,101,14],"tags":[2381,907,77263,77736],"class_list":["post-61979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia","category-breaking-news","category-general","category-hot","category-politics","category-world","tag-china","tag-chinese","tag-donald-trump","tag-u-s-president-donald-trump"],"_links":{"self":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts\/61979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/comments?post=61979"}],"version-history":[{"count":0,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts\/61979\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/media\/61980"}],"wp:attachment":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/media?parent=61979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/categories?post=61979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/tags?post=61979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}