President Donald Trump has blamed the \u201cpoor\u201d American leadership of the past which \u201callowed\u201d China to take advantage of the United States.<\/p>\n
Updating his Cabinet colleagues on trade negotiations, Trump on Monday said the NAFTA (North American Free Trade Agreement) deal, currently being renegotiated with Canada and Mexico, was a horrible one.<\/p>\n
\u201cChina has been taking advantage of the US for many years; really, if you look at it, since the start of the World Trade Organization. And they have really done a number on this country,\u201d Trump said during the meeting at the White House.<\/p>\n
\u201cAnd I don\u2019t blame China. I blame the people running our country. I blame presidents. I blame representatives. I blame negotiators. We should have been able to do what they did. We didn\u2019t do it; they did. And it\u2019s the most lopsided set of trade rules, regulations that anybody\u2019s ever seen,\u201d he said.<\/p>\n
Despite the growing fears about a potential trade war between the US and China, triggered by Trump\u2019s warning of tariffs on an additional $100 billion worth of Chinese imports, the US president claimed to be on good terms with Xi Jinping.<\/p>\n
\u201cI think we will maintain that relationship. I\u2019m very good friends with President Xi. I have great respect for President Xi. And as you know, I spent two days in China, the president spent two days with us at Mar-a-Lago in Florida, and they were four great days,\u201d he said.<\/p>\n
Trump said the US was strongly renegotiating NAFTA and was close to a \u201cright deal\u201d.<\/p>\n
\u201cWe will see what happens. But the US is strongly renegotiating NAFTA. We\u2019re fairly close on NAFTA. And if we don\u2019t make the right deal, we will terminate NAFTA, and we will make the right deal after that. But we have a chance to make a deal on NAFTA,\u201d he said.<\/p>\n
Trump said the US had similar \u201cbad deals\u201d with South Korea and the EU.<\/p>\n
\u201cIf you look at the European Union, they have tremendous barriers — trade barriers. We essentially have bad deals with everyone,\u201d he said.<\/p>\n
\u201cWere close to finishing a deal with South Korea, which was a horrible deal. It was going to give us 200,000 jobs. Well, that didn\u2019t exactly happen. It gave them 200,000 jobs,\u201d he said, adding that the US had made a \u201ctremendous progress\u201d in that respect.<\/p>\n
Noting that the North Korea and South Korea situation complicated it, Trump said the deal that the US was going to have with South Korea was going to be \u201ca very fair deal\u201d.<\/p>\n
\u201cWe want a fair deal, and we don\u2019t have fair deals,\u201d he said.<\/p>\n
White House Press Secretary Sarah Sanders told reporters yesterday that Trump has worked with his team to determine how best to respond to China\u2019s attack on American farmers.<\/p>\n
\u201cThe president has asked the Department of Agriculture to protect farmers, and will present a plan on the specifics of that shortly,\u201d said Sanders.<\/p>\n
In an op-ed in Financial Times, Trump\u2019s Director of Trade and Industrial Policy, Peter Navarro, said the Trump wanted a global trading system free of the imbalances and unfair practices that now hold growth back, not just in the US but around the world.<\/p>\n
Navarro said Trump had given China \u201cevery opportunity\u201d to end its unfair trade practices, \u201cwhich\u201d has only grown\u201d.<\/p>\n
The US trade deficit in goods with China has grew from $347 billion in 2016 to $375 billion.<\/p>\n
\u201cWhile the trade deficit balloons, China continues to steal US intellectual property and force American companies operating there to surrender their leading edge technologies in exchange for access to the Chinese market,\u201d Navarro said.<\/p>\n","protected":false},"excerpt":{"rendered":"
President Donald Trump has blamed the \u201cpoor\u201d American leadership of the past which \u201callowed\u201d China to take advantage of the United States. Updating his Cabinet colleagues on trade negotiations, Trump on Monday said the NAFTA (North American Free Trade Agreement) deal, currently being renegotiated with Canada and Mexico, was a horrible one. \u201cChina has been […]<\/p>\n","protected":false},"author":1,"featured_media":27521,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[87],"tags":[],"class_list":["post-27520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/27520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=27520"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/27520\/revisions"}],"predecessor-version":[{"id":27522,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/27520\/revisions\/27522"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/27521"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=27520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=27520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=27520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}