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China Losing Millions Of Jobs Over Trade War, Says Trump

  President Donald Trump on Monday said trade talks with China were “more meaningful than at any time” because the United States was doing well while China was “losing millions … Continue reading China Losing Millions Of Jobs Over Trade War, Says Trump


A salesman with Chinese made shoes at a store in the Chinatown area of Los Angeles, California on August 24, 2019. President Donald Trump hit back at China in their mounting trade war, raising existing and planned tariffs in retaliation for Beijing’s announcement earlier in the day of new duties on American goods. Trump responded saying the existing 25 percent tariffs on $250 billion in Chinese goods will increase to 30 percent starting October 1. Mark RALSTON / AFP
A salesman with Chinese made shoes at a store in the Chinatown area of Los Angeles, California on August 24, 2019. Mark RALSTON / AFP

 

President Donald Trump on Monday said trade talks with China were “more meaningful than at any time” because the United States was doing well while China was “losing millions of jobs”.

“I think anything is possible,” Trump said when asked about what he would do next in his trade war with Beijing.

“I can say we are having very meaningful talks, much more meaningful, I would say, than at any time.

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“I think, for the most part, it’s because we are doing very well. China is a great country, I consider President Xi (Jinping) to be a great leader,” he added during a press conference with German Chancellor Angela Merkel.

“Look, they are losing millions and millions of jobs, they’re going to other countries and if I was them, I’d want to make a deal.”

Earlier, Trump said Chinese officials had made contact on Saturday evening and said “let’s get back to the table. So we’ll be getting back to the table.”

The United States is trying to force China into deep reforms of its trading model to end the theft of intellectual property, lower subsidies and open up Chinese markets to US companies.

AFP