İrem UZUN -TDO- President Donald Trump said Tuesday it might be better to wait until after the 2020 election to strike a trade deal with China. “In some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now and we will see whether or not the deal is going to be right,” Trump told reporters in London, where he is attending the NATO summit. The U.S. general election is set to take place in November 2020.
Trump accused China of “ripping off the US for many, many years”, and said it was desperate to end the trade war, which he claimed was hurting Beijing much more than Washington. In recent weeks, the White House has sent mixed signals about progress towards a comprehensive trade deal between the U.S. and China. Last month, Chinese officials said they were on course to sign a first-stage deal with the U.S., and Washington’s silence was read as tacit approval. But only days later Washington made it clear that the two sides were still at odds and a deal depended on further concessions from Beijing.
Washington and Beijing have imposed tariffs on billions of dollars’ worth of each other’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment. The next tariff deadline is Dec. 15. If the two sides cannot reach a deal by then, additional U.S. levies on Chinese exports will go into effect. Targeted products include Chinese-made laptops and smartphones.