Trump Wants A "Very Big Deal" With China, Else A "Little" Postponement

Trump, he claims there will be a "complete" deal and a "very big" deal else Tariffs start on March 1.

Big Deal or Else

“This isn’t going to be a small deal with China. This is either going to be a very big deal, or it’s going to be a deal that we’ll just postpone for a little while,” Trump told reporters at the White House, without elaborating.

China Is Counting On Trump-Xi Meeting to Settle Trade Fight

The Wall Street Journal reports China Is Counting On Trump-Xi Meeting to Settle Trade Fight

By agreeing to a meeting, some of Mr. Trump’s advisers believe the president is putting himself in a position where he will face enormous pressure not to escalate tariffs on Chinese goods from 10% now to 25% on March 2, as he has threatened. That’s because the build-up for the meeting—and the expectations of a deal—will be so high that a negative outcome would tank markets globally and batter both economies.

That is especially the case if the two leaders were to meet in China, as Chinese officials want. A decision then to raise tariffs would be a slap in the face for the Chinese leader, whom Mr. Trump regularly refers to as a friend. Instead, the pressure would be on the U.S. to reduce tariffs.

Some of Mr. Trump’s advisers are urging that he meet elsewhere with Mr. Xi, either in a third country or even at Mr. Trump’s Mar-a-Lago estate in Florida. Mr. Brilliant said he doubts a decision about the location will be made until closer to the March deadline.

“The best hope for getting a deal is a face-to face-meeting” between the two leaders, said Brookings Institution China scholar David Dollar. “The U.S. economy is decelerating and the pressure is on Trump is to make a deal.

Mr. Dollar added that even keeping the current 10% tariffs in place “would be hard for Xi Jinping to accept.

Complete Deal

1 2
View single page >> |
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.
Gary Anderson 1 year ago Contributor's comment

This cold war will destroy America's opportunitt to win billions of customers in Asia. Trump wants capitulation or tariffs. It is amazing that investors cannot see the obvious. Jmo. Truth is, Trump cannot be trusted. He is a menace.