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China not ready for trade deal with US, says President Trump amid tariff war

Over the last six months, Trump has imposed additional tariff on import of more than USD 250 billion products.

Edited by: India TV Politics Desk, Washington [ Updated: October 14, 2018 7:45 IST ]
US President Donald Trump and Chinese President Xi Jinping.

US President Donald Trump and Chinese President Xi Jinping.

Amid the escalating tariff war between United States and China, US President Donald Trump on Sunday said that Beijing is not yet ready to have a trade deal with him. 

"I told them a week ago -- they want to come in, they want to make a deal -- I said, you're not ready to make a deal," Trump told reporters at the White House".

"China wants to make a deal. China would love to make a deal. I don't think they're ready yet,” he said in response to a question".

Over the last six months, Trump has imposed additional tariff on import of more than USD 250 billion products. He has threatened to add more. 

Trump says that the bilateral trade between US and China is not fair and balanced. He has also accused China of intellectual property theft.

"I just don't think they're ready yet. They've made too much money for too long. What they've done to our country is take out anywhere from USD 300 billion to USD 500 billion a year...I have great respect for China and for President Xi in particular. We'll probably make a deal, but I don't think they're ready,” Trump said.

Ever since he took over the administration, Trump said the US has become the strongest country economically. “You know, we've gained USD11 trillion in worth. China has lost many trillions of dollars. We've gained USD 11 trillion in worth. So we're, by far, the strongest military...in the world. And economically, we blow everybody away,” he asserted. 

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