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China, Iran have become weakened nations: Trump

Press Trust of India  |  Washington 

China and Iran want to make a deal with the US as they have become very "weakened" nations, President Donald Trump has said.

The US and China, the world's two largest economies, are engaged in a trade war after talks to resolve the issue between them apparently failed, with Trump putting a ban on Huawei, the China's biggest telecom equipment manufacturer, and threatening to slap additional tariffs on the remaining USD 300 billion worth of Chinese exports

Trump, who kicked off the trade war last year, demanded China to reduce the massive trade deficit which has climbed to over USD 539 billion last year. The US has imposed a tariff on USD 200 billion Chinese products while hit back, Beijing increased tariff on USD 60 billion US products, which will take effect Saturday.

The US is also on a collision course with Iran after it reimposed sanctions on Tehran in November after pulling out of a 2015 nuclear accord between Tehran and six world powers.

"China is becoming a very weakened nation, just as Iran has become a very weakened nation, and Iran wants to make a deal also," Trump told reporters on the south lawns of the White House.

"China would love to make a deal with us. We had a deal and they broke the deal. I think if the had it do again they wouldn't have done what they did, he said in response to a question.

"I think we're doing very well with China, we'll see what happens. But I can tell you China very much wants to make a deal because the companies are leaving China to avoid the tariffs," Trump said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 30 2019. 21:20 IST