President Trump said Saturday that China’s recent move to walk back concessions it had made in trade talks was an attempt to sabotage the deal so they could wait until a Democrat could replace him as president.
The comments come the day after talks with Beijing failed to produce a deal to end the trade war and the administration moved to place 25% tariffs on all Chinese imports.
“I think that China felt they were being beaten so badly in the recent negotiation that they may as well wait around for the next election, 2020, to see if they could get lucky & have a Democrat win – in which case they would continue to rip-off the USA for $500 Billion a year,” Trump tweeted.
I think that China felt they were being beaten so badly in the recent negotiation that they may as well wait around for the next election, 2020, to see if they could get lucky & have a Democrat win – in which case they would continue to rip-off the USA for $500 Billion a year….
— Donald J. Trump (@realDonaldTrump) May 11, 2019
He added: “The only problem is that they know I am going to win (best economy & employment numbers in U.S. history, & much more), and the deal will become far worse for them if it has to be negotiated in my second term. Would be wise for them to act now, but love collecting BIG TARIFFS!”
It was the second time inside a week Trump had alleged that China wanted to negotiate with Democrats rather than himself.
On Friday, the administration moved to raise existing tariffs on $250 billion worth of goods to 25%, up from 10% in most cases. The White House has also said it would place 25% levies on a further $300 billion worth of goods, effectively covering all Chinese imports. The administration said the increases were meant to pressure Beijing to reaffirm pledges it had made during recent trade trades that it attempted to back away from. China has said it will retaliate for the U.S. tariff hikes, without giving any specific details.
The tariff hikes came the same day that U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin concluded a two-day meeting in Washington with China’s top negotiator, Vice Premier Liu He, in an attempt to strike a last-minute deal. The talks failed to produce a deal, but both sides said they intended to hold further talks.
Author: Sean Higgins
Source: Washingtonexaminer: Trump says China is slow-walking trade talks to negotiate with a Democrat instead