US Relationship With China Good, but Testy: Trump - Forex News by FX Leaders

US Relationship With China Good, but Testy: Trump

Posted Thursday, June 13, 2019 by
Arslan Butt • 1 min read

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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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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