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Indiaexportnews.com

Trump boasts that trade deal with China 'could very well happen'

  23.01.2019    

The Trump administration is pushing for regular reviews of China's progress on pledged trade reforms as a condition for a trade deal. Alternatively, Washington is threatening to impose a fresh wave of tariffs if Beijing is seen to be violating the agreement, Reuters reported.
"Things are going very well with China and with trade," US President Donald Trump told reporters at the White House, adding that he had seen some "false reports" indicating that US tariffs on Chinese products would be removed.
"If we make a deal, certainly we would not have sanctions, and if we don't make a deal we will," Mr Trump was quoted as saying. "We've really had a very extraordinary number of meetings and a deal could very well happen with China. It's going well. I would say about as well as it could possibly go."
According to sources briefed on the ongoing negotiations, cited exclusively by Reuters, the United States is pushing for regular reviews of China's progress on pledged trade reforms as a condition for a trade deal - and could again resort to tariffs if it deems Beijing has violated the agreement.
"The threat of tariffs is not going away, even if there is a deal," said one of three sources briefed on the talks who spoke with Reuters on condition of anonymity.
Chinese negotiators were not keen on the idea of regular compliance checks, the source said, but the US proposal "didn't derail negotiations."
A Chinese source said the United States wants "periodic assessments" but it was not yet clear how often.
"It looks like humiliation," the source said. "But perhaps the two sides could find a way to save face for the Chinese government."



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