AsianFin -- U.S. President Donald Trump has suggested that a new trade agreement with China could be achievable, indicating his willingness to avoid a full-scale trade conflict between Washington and Beijing.
“It’s possible, it’s possible,” Trump told reporters aboard Air Force One on Wednesday when asked about the likelihood of striking a new deal with China.
While Trump did not provide specifics on what such an agreement might entail, he acknowledged the significant challenges that any new deal would face, some of which have been exacerbated by his own policies. The president has increased pressure on China by imposing an additional 10% tariff on all imports from the country, citing unfair trade practices and Beijing’s failure to curb the flow of fentanyl into the US.
Despite these tensions, Trump spoke positively about his relationship with Chinese President Xi Jinping, although he did not confirm any upcoming talks between the two leaders.
“There’s a little bit of competitiveness, but the relationship I have with President Xi is, I would say, a great one,” Trump stated.
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