President Trump: No deadline for China trade deal

by | Dec 4, 2019 | 5 Ag Stories, News

President Donald Trump says he has no deadline for finalizing a complete trade deal with China. China and the U.S. are still working to reach a phase one agreement, with an unofficial deadline of December 15, but an overall agreement may extend beyond the 2020 elections. Trump told reporters, “In some ways, I think it’s better to wait until after the election.? Trump says China wants to reach an agreement, adding, ?the China trade deal is dependent on one thing: Do I want to make it??

Trump claims he is doing ?very well? in the talks with China. The President also pointed out the $28 billion in trade aid given to U.S. farmers, with “many billions” leftover, adding about the funds, ?that got them whole.? China wants Trump to remove tariffs in reaching a phase one agreement that also includes $40-$50 billion in purchases of U.S. agricultural products over two years.