Trump: US Hurt in Trade with China for Years

in #esteem7 years ago

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US President Donald Trump sees the US has long been harmed in trade with China (photo: illustration).
President Donald Trump said there was "not much to give" to Americans in trade talks with China, and much can be given to China, because the American word Trump has for years been harmed in trade with China.

Wednesday, he defended his decision to rescue China's giant technology giant ZTE, who last month by the US Commerce Department was banned from buying American-made components for its consumer products for seven years after it violated a US trade ban with Iran and North Korea.
ZTE said the ban on US spare parts had stopped the company's "main activity".

"Nothing has happened with ZTE unless it deals with larger trade deals," Trump said on Twitter.
... have not even started yet! The U.S. has very little to give, because it has been given so much over the years. China has much to give!

  • Donald J. Trump (@realDonaldTrump) May 16, 2018
    His views came a few days after he said "too much employment" was lost in China because of the difficulties ZTE was having and he had "instructed" the trade office to "get it done!" to help ZTE "get back on business, as soon as possible.

"The United States and China, the world's two largest economies, are holding tough trade negotiations this week in Washington, after Trump threatened to impose higher tax rates on Chinese exports worth 150 billion dollars and Beijing retaliated by imposing higher charges on products America.

Previous talks in Beijing proved futile.
"Our country has lost hundreds of billions of dollars a year in trade with China," Trump said referring to last year's US $ 375 billion trade deficit with China.