You are here: Home » International » News » Markets
Business Standard

Trump says US-China trade deal may have to wait until after US elections

Trump told reporters, ''I have no deadline, no." In some ways I like the idea of waiting until after the election

AP | PTI  |  London 

Donald Trump speaking at Economic Club. Photo: Reuters
Donald Trump speaking at Economic Club. Photo: Reuters

President Donald Trump appeared to downplay the chances for a deal to end the before the end of the year.

Speaking in London he is attending a NATO summit, Trump said Tuesday that the only limiting factor to reaching an agreement with China is whether he wants to make a deal.

Asked about his previous goal of reaching an agreement by years' end, Trump told reporters, ''I have no deadline, no." In some ways I like the idea of waiting until after the election," Trump added. He has previously suggested that China wanted to wait until after the election to negotiate a deal.

Tensions between the two nations flared anew last week after Trump signed legislation expressing US support for pro-democracy demonstrators in Hong Kong. The US-China trade talks face a December 15 deadline for new US tariffs to kick in on many Chinese-made items, including smartphones and laptops.

Pressure is building on both sides to complete what Trump has called a limited "phase one" deal before the deadline, though Trump could end up postponing the tariffs, as he did in October, to allow more time for negotiations.

First Published: Tue, December 03 2019. 20:30 IST
RECOMMENDED FOR YOU