Nicholas Asfouri | AFP | Getty Images
President Donald Trump speaks during a press conference with China’s President Xi Jinping at the Great Hall of the People in Beijing on November 9, 2017.
President Donald Trump contended Thursday that he faces no pressure to strike a trade deal with China as Washington and Beijing exchange shots in a mounting trade conflict.
the U.S. is in the early stages of proposing a new round of trade talks with China. The two sides aim to strike an agreement and stop a trade war threatening to stifle growth in the world’s two largest economies.
In a tweet Thursday, Trump played down the need for discussions, saying “we are under no pressure to make a deal with China, they are under pressure to make a deal with us.” He wrote that the U.S. “will soon be taking in Billions in Tariffs & making products at home.”
The reports of potential talks come as an escalating tariff fight threatens to ensnare more American companies, including behemoth Apple. The U.S. and China have already slapped tariffs on $50 billion worth of goods coming from the other trading partner.
Trump is considering whether to put duties on an additional $200 billion in Chinese products. He recently said he is “ready to go” on additional tariffs on $267 billion in goods. China has threatened to retaliate in kind.
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