Pres. Trump optimistic on China trade deal

OAN Newsroom
UPDATED 3:37 PM PT – Fri. January 4, 2018

President Trump speaks out on trade negotiations with China, saying they’re going very well.

Speaking at a press briefing Friday, the president said China is paying tremendous tariffs, and as a result, the U.S. is getting billions of dollars.

The US and China have pledged not to increase tariffs for 90 days as they seek a new trade deal [Andy Wong/AP Photo]

When asked about Apple’s recent stock drop — which affected the overall stock market — and whether it was concerning, he said Apple is a great company, but he has to worry about the U.S.

He also said the tech-giant should build its products in the states, instead of China. He stressed he remains optimistic a trade deal with Beijing will be reached.

“But I will tell you. China is not doing well now. And it puts us in a very strong position. We are doing very well. But we are taking in billions and billions of dollars. And I hope we’re going to make a deal with China. And if we don’t, they’re paying us tens of billions of dollars worth of tariffs – not the worst thing in the world. But I think we will make a deal with China. I really think they want to. I think they sort of have to and I think we’re going to have a great relationship. I think that President Xi and myself have a great relationship.” -President Trump

The president’s remarks come after China held its annual economic conference in Beijing, where they discussed a positive outlook for 2019.

Source link