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Trump on China trade spat: 'We're going to win either way'

Published 04/15/2019, 04:05 PM
Updated 04/15/2019, 04:05 PM
© Reuters. U.S. President Trump visits Nuss Truck & Equipment in Burnsville, Minnesota

BURNSVILLE, Minn. (Reuters) - President Donald Trump said on Monday he believed the United States would emerge from its trade dispute with China as a winner, no matter what happened.

"We're going to win either way. We either win by getting a deal or we win by not getting a deal," Trump said during a visit to a business roundtable in Burnsville, Minnesota.

The world's two biggest economies are nine months into a trade war that has cost billions of dollars, roiled financial markets and upended supply chains.

Trump's administration has slapped tariffs on $250 billion worth of imports of Chinese goods to press demands for an end to policies that Washington says hurt U.S. companies competing with Chinese firms. China responded with its own tit-for-tat tariffs on U.S. goods.

© Reuters. U.S. President Trump visits Nuss Truck & Equipment in Burnsville, Minnesota

Trump's Treasury secretary, Steven Mnuchin, said earlier on Monday that trade negotiators are making a lot of progress. He told Fox Business Network there is more work to do, however, including enforcement.

Latest comments

whatever happens, I win.
I think he is finding out the hard way that it is not easy to win against China. China doesn't get intimidated with his we going to win win win.
He have to say something, even when there are no news he likes to talk. Ok. That's live. Pure entertainment.
New rule of coin tossing: head or tail is always Donald who win. That guys think he will be always President of US. Whatever happened, pretty sure one day some guys will get revenge on his businesses.
Why would this be considered news? Comon Sense might be a better assessment. The "Win" is not in the details. Rather, it lies in the willingness of the US to address the decades-old problem of double-standard trade policies with global networks. It is akin to the elephant in the livingroom scenerio. The problem grows existentially, yet no one musters the fortitude to mention it at dinner. It is not until it has grown to such proportion, as to block the way to the dinner table, that the crisis becomes recognizably obvious. At the summation of trade talks, the elephant will no doubt, be lead out of the living room. As was aptly inferred; it is indeed a win regardless of which wall is removed to make it possible. The elephant does not belong in the living room, and it never did, despite how familiar and comfortable it may have become to the dinner guests.
So well said -
Indeed! Extremely well articulated, Mr Hiepler.
There are no winners in trade wars - the people in both countries have lost a few percent of GDP growth as a result of this “shoot first” style of negotiation.
There needs to be ab answer. "talking has not worked" China is a large thief.
all money get from exports are using to no freedom on people. all persons under comunit under ground administration. God will save China people. money is not at all this matter.if us trump is Roman Catholic will surely destroy this comunit China. god bless every one.
It seems the "big progress" in negotiation is not so big ...
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