Trump: US close to signing 'phase one' trade deal with China
(VOVWORLD) - US President Donald Trump on Tuesday said the US is close to signing a “phase one” trade deal with China, adding in a speech to the Economic Club of New York that he will only accept a deal if it is good for the US and US workers.
 US President Donald Trump (Photo: Reuters) |
Mr. Trump said China is hoping for a deal, but it will be the US that decides.
President Trump added that the US will increase tariffs on Chinese goods if the deal fails. He said his tariff policy forces countries to sit down at the negotiation table and the US will only accept favorable conditions.