No Negotiation Regarding Trade Deal With China: President Trump
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US President, Donald Trump: File Photo
Expressing
disappointment over Beijing’s handling of the coronavirus outbreak, the United
states President, Donald Trump, has denied any renegotiation regarding trade
deal with China.
Over 3,00,000 people, including more than
80,000 in America, have died due to the Coronavirus outbreak across the world.
Noticeably, the U.S. and China in the
beginning of the year signed Phase-1 of a trade deal, ending a bitter two-year
tariff war that had rattled the global economy. Talking tgo the media,
President Trump said, “The Chinese said somewhere that they would like to
renegotiate the (trade) deal. We are not going to renegotiate”.
“I am not happy about anything having to
do with that particular subject (China) right now. Everything I said turned out
to be right. You look at other countries they charge us tariffs to do business
and we are not allowed to charge them”, President Trump added. When asked,
Trump said the Chinese have always stolen Intellectual Property (IP) from the
U.S. “They were never called (out). Now they are being called out”, he
stressed.
Trump said, “We can stop them, they are
going to try doing it. I mean you could also stop doing business with them,
which is one thing. Look, we have lost a fortune dealing with China. We have
rebuilt China”. The President said he does not want to speak to Chinese
President Xi Jinping right now. There
are many things that the United States can do, he asserted.
“There are many things we could do. Even
we could cut off the whole relationship. Now if you did what would happen? You
would save USD 500 billion, if you cut off the whole relationship. Look, at
what point does — and I said this for years I said it with other countries also
you know — China is not the only country ripping us off at the NATO where we
defend Europe for nothing by the way essentially nothing I was able to get them
to pay hundreds of billions of dollars more”, President Trump said.
The deadly coronavirus that had first
emerged in China’s Wuhan city in December last has killed over 3,00,000 people
with 4.3 million confirmed cases across the world. More than a quarter of all
confirmed COVID-19 cases are from the U.S.
