Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

China will get better U.S. trade deal if it solves North Korea problem: Trump

Published 04/11/2017, 02:23 PM
Updated 04/11/2017, 02:23 PM
© Reuters. U.S. President Trump and China's President Xi  shake hands during walk at the Mar-a-Lago estate after a bilateral meeting in Palm Beach

By David Lawder

WASHINGTON (Reuters) - President Donald Trump said on Tuesday he had told China's President Xi Jinping at a summit last week that Beijing would get a better trade deal with Washington if it helped solve the U.S. problem with North Korea.

"I explained to the president of China that a trade deal with the U.S. will be far better for them if they solve the North Korean problem!" Trump, who held talks with Xi in Florida last week, wrote on Twitter.

"North Korea is looking for trouble. If China decides to help, that would be great. If not, we will solve the problem without them!" he added in a second note.

Persuading China to put pressure on its neighbor and ally North Korea to halt its nuclear weapons and ballistic missile development was a key objective for Trump in his first meeting with Xi.

The two leaders agreed to negotiate a 100-day plan aimed at bringing down China's massive trade surplus with the United States, but the two sides offered few details.

China's ambassador to the United Nations, Liu Jieyi, on Tuesday repeated China's call for a return to dialogue with North Korea, and when asked about Trump linking a trade deal to China’s help with on North Korea, told Reuters:

“We need to look at the situation on the Korean Peninsula as something that we should work together on.”

Trump's linkage of trade and North Korea drew criticism from Senator Charles Schumer, the top Senate Democrat, who has sided with Trump in the past on trade. He called on Trump to stick to his campaign vows to take tough action on Chinese trade abuses.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

"I think what he's saying is, if they are tough on North Korea, I'll go easier on trade," Schumer said told reporters. "Ask the American people if they like that deal. They won't."

A senior administration official, who spoke on condition of anonymity, told Reuters China had suggested some areas where trade frictions could be reduced.

"We are adding some additional items to that list," the official said, while declining to give details.

Opening China to U.S. beef and U.S. services-sector investment are among the topics in the trade talks, White House spokesman Sean Spicer said on Monday.

China agreed last year to end a 13-year ban on U.S. beef, but purchases have yet to resume.

"An absolutely minimum starting point is for China to start honoring agreements it’s already committed to," the U.S. official said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.