China wants to make big, very comprehensive trade deal: Trump

By Aakanksha Raghuvanshi

Dec 15, 2018

01:41 pm

What's the story

A major US-China trade deal may happen soon, US President Donald Trump said yesterday, asserting that Beijing wants to make it "big and very comprehensive". He said China's position has been weakened by the economic impact of the tariff. Earlier in the day, China pressed on with its trade war truce with the US and made announcements regarding suspending extra tariffs on American automobiles.

Twitter Post

'It could happen, and rather soon!' says Trump

China just announced that their economy is growing much slower than anticipated because of our Trade War with them. They have just suspended U.S. Tariff Hikes. U.S. is doing very well. China wants to make a big and very comprehensive deal. It could happen, and rather soon!
— Donald J. Trump (@realDonaldTrump) December 14, 2018

Details

China announced to suspend extra tariff for three months

China announced that it will sUSpend extra tariffs added to "Made in America" cars and auto parts for three months from January 1. Earlier this week, top officials from the US and China had a conference call on trade negotiations. The phone call follows up on the 90-day tariff cease-fire agreed to by Trump and his Chinese counterpart Xi Jinping at the G20 summit.

Information

Trump administration's trade demands started US-China trade war

The US-China trade conflict stems from the Trump administration's demands that China make sweeping changes to its intellectual property practices, rein in high-technology industrial subsidies, open its markets to more foreign competition, and take steps to cut a $375 billion American goods trade surplus.