President Trump insists that the U.S. will not negotiate with China regarding trade until the $1 trillion deficit is addressed. He links the deficit to substantial economic losses and emphasizes the need for a balanced trade relationship. Increased investments in the U.S. economy were noted as a positive outcome of recent tariffs, but Trump remains firm on the trade deficit issue before proceeding with any agreements.
President Donald Trump emphasized that the United States will not enter into a trade agreement with China unless the substantial trade deficit exceeding $1 trillion is addressed. While aboard Air Force One, he stated that while several countries maintain trade deficits in the billions, the deficit with China is particularly alarming. He reiterated, “We have a $1 trillion trade deficit with China. Hundreds of billions of dollars a year we lose to China, and unless we solve that problem, I’m not going to make a deal.”
In his remarks, Trump highlighted the impact of tariffs, noting that they have led to commitments of $7 trillion in investments concerning the development of automotive plants, semiconductor companies, and various other enterprises in the United States. He remarked on the urgency expressed by leaders from Europe and Asia who are eager to negotiate, yet he firmly stated that he will not proceed with negotiations until the trade deficits are rectified.
Trump articulated his views on trade deficits plainly, noting, “A deficit is a loss. We’re going to have surpluses, or we’re, at worst, going to be breaking even.” He conveyed that China represents a particularly challenging situation due to the scale of the deficit, which he deemed unsustainable. He concluded by asserting, “I was elected on this,” highlighting his mandate to address trade issues during his presidency.
In conclusion, President Trump’s stance on trade with China is resolute: no deal will be made until the $1 trillion trade deficit is resolved. He accentuated the detrimental economic impact of such a deficit and emphasized the necessity for the U.S. to achieve equitable trade relations. His administration’s focus on tariffs has resulted in significant investment commitments, though negotiations with foreign leaders will remain on hold pending improvements in trade balances.
Original Source: www.foxnews.com
