Trump: Trade deal was close, but China tried to renegotiate

WASHINGTON — President Donald Trump says the United States was close to a trade deal with China, but then China tried to renegotiate.

Trump said Thursday that the Chinese wanted to come back to continue negotiations. He added that if it doesn't work out, the U.S. has an "excellent" alternative.

The United States plans to raise tariffs on Chinese imports on Friday. U.S. and Chinese negotiators are to resume trade talks Thursday.

Trump also said that Chinese President Xi Jinping (shee jihn-peeng) sent him a "beautiful letter" and he will "probably" speak to him on the phone.

Trump says, "I have no idea what's going to happen."

You may also like these

Australian Senate delivers $106 billion in income...

Jun 21, 2018

Australia's prime minister has won a political victory with the Senate passing personal income tax...

Australia to reopen island detention camp after...

Feb 13, 2019

Australia to reopen a mothballed island detention camp in anticipation of new migrant smuggling...

Australian gov't offers balanced budget just...

Apr 2, 2019

Australia's treasurer says he will unveil the government's first balanced annual budget plan in a...

Global stocks dip ahead of release of Fed minutes

Aug 17, 2016

Global stocks and the price of oil dipped Wednesday as investors awaited the release of the minutes...

Asian stocks climb on signs US rate hike off...

Aug 18, 2016

Asian stocks rose Wednesday after Wall Street edged higher on news the U.S. Federal Reserve is in...

Search
Financial Markets

About Us

Established in 2015, The Upstocker provides insights on financial reports, commentary, and investment data to traders so that you can make better investment decisions.

Contact us: sales[at]theupstocker.com

Subscribe Now!