Won't allow trade deficit with China any more, says Donald Trump

US President Donald Trump on Monday said the US has been losing $500 billion per year on trade with China and he will no longer allow that to happen any more.

“The US has been losing, for many years, $600 to $800 billion a year on trade. With China, we lose $500 billion. Sorry, we’re not going to be doing that anymore!” Trump tweeted.

The tweet, a follow-up of a series of tweets a day earlier, is indicative of the fact that Trump does not want to wait any longer on trade negotiations with China and he is increasingly believing that Beijing