US Relationship With China Good, but Testy: Trump

US President Donald Trump has refused to set a deadline on when the next round of tariffs would be implemented on China, but he has admitted that the relationship between Beijing and Washington is “testy” ever since China reneged on key points during trade negotiations.

Trump made these comments at a news conference on Wednesday, adding “I think that we’ll end up making a deal with China. We have a very good relationship, although it’s a little bit testy right now, as you would expect. I think they really have to make a deal.”

Over the past few months, Trump has threatened China with tariff hikes numerous times, adding that the latest round of tariff hikes can be expected after the G20 summit at the end of June. Trump had previously called for a meeting with Chinese President Xi Jinping at the sidelines of the summit, but China is yet to confirm its interest in such a meeting.

Notwithstanding lack of comments from the Chinese side, Trump continues to remain optimistic that both sides can work out a trade deal soon.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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