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World China's 'supply chains cracking': Trump says trade deal could 'happen soon'

04:35  13 november  2019
04:35  13 november  2019 Source:   smh.com.au

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China ' s ' supply chains cracking ': Trump says trade deal could ' happen soon '. New York: US President Donald Trump says he is hopeful he will soon strike a trade deal with China , but will happily continue raising tariffs on the rival superpower unless it agrees to friendly terms for the US.

It could happen sooner than you think," Trump told reporters in New York. Trump said later after signing Because they’re losing their jobs, because their supply chain is going to hell and companies are Trump spoke a day after delivering a stinging rebuke to China ' s trade practices at the United

Donald Trump wearing a suit and tie: © AP "Their supply chains are cracking very badly and they're dying to make a deal," said President Donald Trump in New York of China. US President Donald Trump says he is hopeful he will soon strike a trade deal with China, but will happily continue raising tariffs on the rival superpower unless it agrees to friendly terms for the US.

In a major economic speech in New York that was eagerly anticipated by investors, Trump said he would no longer allow China to "cheat" the US on trade as it had for many years.

"A significant trade deal with China could happen soon, but only if it’s good for the United States, our workers and great companies" Trump said.

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It could happen sooner than you think," Trump told reporters in New York. Trump said later after signing Because they’re losing their jobs, because their supply chain is going to hell and companies are Trump spoke a day after delivering a stinging rebuke to China ' s trade practices at the United

It could happen sooner than you think," Trump told reporters in New York. Trump said later after signing Because they’re losing their jobs, because their supply chain is going to hell and companies are Trump spoke a day after delivering a stinging rebuke to China ' s trade practices at the United

"If we don't make a deal, we're going to substantially raise those tariffs...America will not be taken advantage of any more."

China has a much bigger incentive to strike a deal on trade than the US, Trump said.

"Their supply chains are cracking very badly and they're dying to make a deal," he said.

"Before my election, Washington politicians sat by and watched as China ransacked our companies, stole our intellectual property, subsidised their industries at the expense of ours and dumped their products in a deliberate strategy to close American factories all over our land."

Donald Trump et al. posing for a photo: US President Donald Trump speaks during a meeting of the Economic Club of New York in New York. © AP US President Donald Trump speaks during a meeting of the Economic Club of New York in New York. Trump last month announced a "phase one" trade deal with China but details of the truce remain unclear and no formal agreement has been signed.

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It could happen sooner than you think," Trump told reporters in New York. Trump said later after signing a limited trade deal with Japanese Prime Minister "You know why they want to make a deal ? Because they’re losing their jobs, because their supply chain is going to hell and companies are

U. S . President Donald Trump attends a bilateral meeting with Japan' s Prime Minister Shinzo Abe on the sidelines of the 74th session of the NEWYORK (Reuters) – U. S . President Donald Trump said on Wednesday that a deal to end a nearly 15-month trade war with China could happen sooner than

Stock market investors celebrated last week when China's Commerce Ministry announced the US had agreed to roll back some tariffs as part of a mini-trade deal. Trump welcomed the market gains, while denying that such an agreement had been struck.

Trump and Chinese President Xi Jinping had hoped to sign a "phase one" deal at the APEC meeting in Chile on November 16, but the summit was cancelled because of protests.

Trump used the speech to spruik the success of the US economy under his presidency - an issue his advisers say will be the key to his re-election prospects next year.

It came a day before the impeachment inquiry into his dealings with Ukraine's president begings public hearings in Washington DC.

In October the US unemployment fell to 3.6 per cent, the lowest level since 1969, and the major US share markets have all recorded record highs in recent weeks.

Trump said he was confident of victory in 2020 because many of his potential Democratic rivals were "crazy".

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President Donald Trump said China is “dying” to make a trade deal with the U.S. and the first step of a broader agreement China ’ s exports and imports continued to contract in October, though slightly less than forecast by economists. The nation’s trade surplus with the U.S. widened in the month to .4

CNBC' s Eamon Javers reports on headlines from President Trump ' s speech at the Economic Club of New York.

"We have a very big election coming up," he said. "I think we're going to win it - hopefully win it very easily."

Pictures: Donald Trump: Life in pictures

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