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President Donald Trump He said on Sunday that he was not willing to make an agreement with China unless first resolved a trade deficit of over $ 1 trillion.
While talking to the One Air Force journalists, Trump said with some countries that there was a trade deficit of more than $ 1 billion, but with China he is more than $ 1 trillion.
“We have a $ 1 billion trade with China. Hundreds of billions of dollars a year lose from China, and if we don’t solve that problem, I won’t agree on an agreement,” he said. “I’m ready to make an agreement with China, but they have to solve that surplus. We have a huge problem with China’s deficit … I want it to be solved.”
President Donald Trump said he would not make an agreement with China if the trade deficit is not resolved. (AP Photo / Evan Vucci / East)
Trump also said that because of the tariff, the US has $ 7 trillion dedicated investment when it comes to building a car for car production, lace companies and other types of companies, “on levels we have never seen before.”
But in terms of trade deficit, Trump said he talked to many leaders in Europe and Asia, who “dying” to make an agreement, but as long as he had a deficit, he would not do it.
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“The deficit is a loss,” he said. “We will have surpluses or we will break the worst case. But China would be the worst in the group because the deficit is so large and not sustainable.
“I was chosen on that,” Trump added.
