Home / World News / Won't allow trade deficit with China any more, says Donald Trump

Won't allow trade deficit with China any more, says Donald Trump

The tweet, a follow-up of a series of tweets a day earlier, is indicative of the fact that Trump does not want to wait any longer on trade negotiations with China

Premium

1 min read Last Updated : May 07 2019 | 12:56 AM IST

US President Donald Trump on Monday said the US has been losing $500 billion per year on trade with China and he will no longer allow that to happen any more.

“The US has been losing, for many years, $600 to $800 billion a year on trade. With China, we lose $500 billion. Sorry, we’re not going to be doing that anymore!” Trump tweeted.

The tweet, a follow-up of a series of tweets a day earlier, is indicative of the fact that Trump does not want to wait any longer on trade negotiations with China and he is increasingly believing that Beijing

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in