Trump 'likes' idea of waiting to make a trade deal with China

Donald Trump

Trump Willing To Wait Until After 2020 Election To Resolve Trade Disputes With China

People familiar with the talks said Kushner, who helped bring the U.S. -Mexico-Canada trade agreement (USMCA) to fruition, has increased his direct involvement in the negotiations with China over the past two weeks.

"Once the election occurs-and the president seems to be in very good shape for the election-once it occurs and he's back in, now that's no longer a distraction that can detract from our negotiating position", he added.

The U.S. House of Representatives' approval of a bill requiring the Trump administration to toughen its response to China's crackdown on Uighur Muslims in the western region of Xinjiang could deal another setback to the trade negotiations. "That's why I think when France makes a statement like they made about North Atlantic Treaty Organisation, that's a very risky statement for them to make". "But they want to make a deal now, and we'll see whether or not the deal's going to be right; it's got to be right", Trump said Tuesday ahead of a meeting of North Atlantic Treaty Organisation leaders in London.

China reported its slowest economic growth in 27 years in October as the trade tensions with the U.S. hit its manufacturing sector.

The two sides had been edging towards agreeing a "phase one" trade deal that would see the U.S. drop its promise to impose tariffs on $156bn worth of Chinese goods on 15 December.

China warned on Wednesday that US legislation calling for a tougher response to Beijing's treatment of its Uighur Muslim minority will affect bilateral cooperation, clouding prospects for a near-term deal to end a trade war. That's despite the fact that Trump's strategy in trade talks has always been to downplay his desire for a deal and slow-walk a negotiating partner.

While the deal being discussed includes new protections for trademarks, copyrights and other intellectual property, trade sources have said it would leave the most hard technology transfer issues to future talks.

A Chinese official who declined to be identified warned that US implementation of the new round of tariffs scheduled on December 15 will be countered by China with retaliatory tariffs - an outcome the official said would seriously disrupt ongoing negotiations. The President said there was no-deadline for the trade deal and a deal would be completed when he was ready.

Ross added that the president is "perfectly happy" to continue with the current tariffs on Chinese goods if the right deal is not reached.

Last week, Trump signed a bill that would require the US placing sanctions on Chinese officials linked to human rights abuses in Hong Kong. The White House has yet to say whether Trump would sign or veto the bill, which contains a provision allowing the president to waive sanctions if he determines that to be in the national interest. He has threatened to tax them by as much as 25%. "Because otherwise, there's a tendency of the other side to say 'Oh, he needs it for political reasons, so we'll give him a worse deal than we would.' He's not going to play that game".

The talks had appeared to survive Beijing's anger at USA legislation backing Hong Kong's protesters, but the latest flare-up has given markets the jitters because traders had priced in an agreement. "We'll see what happens".

At the same time, Washington's desire to maintain pressure on Beijing could negatively impact the US' relations with other countries, as Chinese, multinational giants such as Huawei have business dealings in countries all over the world - including nations allied with the US.

The planned tariffs on remaining Chinese imports will take effect on December 15 if there is no significant progress in the talks or a deal, he said.

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