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China Is Not “Worried” For A Trade Deal With The US: Ex-Australian PM – Market News Report Press "Enter" to skip to content

China Is Not “Worried” For A Trade Deal With The US: Ex-Australian PM

The U.S. President Donald Trump’s negotiators are ready to meet Chinese trade executives soon in an attempt to sort out a trade deal. The president declared that Liu He—Chinese Vice Premier—would be leading a group of officials to the U.S. Trump said that Beijing’s delegation would be aiming to sign an agreement as it is suffering under the pressure of the U.S. levies, stating in a tweet that the White House is “very happy with over $100 Billion a year in Tariffs filling U.S. coffers,” which is “great for U.S., not good for China.” Nevertheless, as per to Kevin Rudd—Ex-Australian Prime Minister—said that any supposition in Washington that Beijing is “economically worried” since the deal is not “well placed.”

“The Chinese have employed a complete bunch of stimulus measures and progress has been reinstated, counting some tax advantages for the classified sector. China is looming these conciliations as of May 2019 in a significantly stronger economic spot than it had 6 Months ago,” stated Rudd, who currently is the president of Asia Society Policy Institute. Rudd said to CNBC that Chinese media is highlighting “again and again” that the Asian giant’s financial system is “flexible.”

On a similar note, recently, Trump stated that China “broke the agreement” in the ongoing US-China trade talks. Addressing at a rally in Florida, the president featured his recent hazard of surged tariffs to Beijing’s conferring position. Trump said, “You see the tariffs we are going to do? Since, they broke the deal. So they are flying in with the vice premier, who is a good man, but they ultimately broke the deal. They cannot do that, so they will be paying for that.” Lately, Trump surprised markets by stating in a Twitter post that he will significantly increase American levies on Chinese products, with a first increase coming soon, and another “shortly.”