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U.S. President Donald Trump, File Picture[/caption]
GFMM desk: On December 02, 2019 U.S. President Donald Trump said U.S. legislation backing protesters in Hong Kong did not make trade negotiations with China easier, but believes Beijing still wants a deal with the United States added he.
The law “doesn’t make it better, but we’ll see what happens,” Trump said, talking to reporters. He gave no indication when the deal would be finalized, but two other U.S. officials said a deal could still happen this year depending on China’s actions.
Washington and Beijing have yet to ink a so-called “phase one” trade agreement announced in October, which had raised hopes of a de-escalation in their prolonged trade war. The global economy has shuddered with each salvo of tariff hikes by the world’s two largest economies.
“The Chinese are always negotiating. I’m very happy where we are,” Trump said as he prepared to depart the White House for a NATO summit in London. “The Chinese want to make a deal. We’ll see what happens.”
Chinese President Xi Jinping said last month he wants to work out a trade deal with Washington, but broader bilateral tensions have flared amid U.S. legislative action supporting Hong Kong’s protesters, and targeting camps for Uighur ethnic minorities in the western region of Xinjiang.
Trump last week signed a new law backing protesters in Hong Kong and threatened China with possible sanctions on human rights. Beijing in response barred U.S. military vessels and aircraft from visiting Hong Kong and sanctioned several U.S. non-government organizations. News site Axios also reported on Sunday the Hong Kong law stalled the trade deal. Read more..
Source: Online/SZK
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