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

Trump says China trade talks moving along nicely, but deal has to be right

Published 11/09/2019, 02:40 PM
Updated 11/09/2019, 02:40 PM
Trump says China trade talks moving along nicely, but deal has to be right

WASHINGTON (Reuters) - U.S. President Donald Trump said on Saturday that trade talks with China were moving along "very nicely," but the United States would only make a deal with Beijing if it was the right deal for America.

Trump told reporters at Joint Base Andrews before leaving for a visit to Tuscaloosa, Alabama, that the talks had moved more slowly than he would have liked, but China wanted a deal more than he did.

"The trade talks with China are moving along, I think, very nicely and if we make the deal that we want it will be a great deal and if it's not a great deal, I won't make it," he said.

"I'd like to make a deal, but it's got to be the right deal," he said.

"China very much wants to make a deal," Trump added. "They're having the worst year they've had in 57 years. Their supply chain is all broken, like an egg, they want to make a deal, perhaps they have to make a deal, I don't know, I don't care, that's up to them."

Trump said there had been incorrect reporting about U.S. willingness to lift tariffs, which he said had brought in tens of billions of dollars for the United States and soon "literally hundreds of billions of dollars."

"There was a lot of incorrect reporting, but you will see what I'm going to be doing," he said.

"There's a difference on tariffs, but we can always get tariffs," he said.

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

"The level of tariff lift is incorrect," Trump said in reference to news reports. He did not elaborate.

Officials from both countries said on Thursday that China and the United States had agreed to roll back tariffs already in place on each others' goods in a "phase one" trade deal to end a damaging trade war, but the idea has been met with stiff opposition within some quarters of the Trump administration.

On Friday, Trump, in comments that hit stock prices and the dollar, said he had not agreed to a tariff rollback. "I haven't agreed to anything," he told reporters then.

Latest comments

China will be just like another Japan!
maybe a dump? who knows
What comes after a pump?
more pumping!
Can we please get this deal done, this is obviously just a game, you cant have a " so called trade deal " going on for this long, this is absurd!! Such a joke, this market is a joke!
If we had a reasonable president id say we’ll have a deal and tariff roll backs. I do not believe we have a reasonable president so most likely no deal and more tariffs. Buy some VIX call spreads people can hedge or speculate. With this president anything goes be prepared for at least a little volatility soon.
This is coming from the guy who tweeted in June 2018 that “North Korea is no longer a nuclear threat.” He made NK much stronger and validated them as a country. He made China much stronger by abandoning TPP and is now caving to China. Worst negotiator in presidential history. And the whole world is watching and laughing.
Tariffs bringing in hundreds of billions of dollars? Tariffs are at maximum 25% over the past year on less than the entire import from China. He really should go to school again as his math doesn't sum up. LOL
Haha! Why stop there? I think the US will bring in hundreds of trillions of dollars on tariffs. Haha! What a joke.
most of the people are too $tupid to understand who is paying for tariff. One thing for sure, not china.
Monday Deal happening, Tuesday Deal Not happening, Wednesday Deal Delayed, Thursday Deal going nicely, Friday Deal will be delayed then repeat every week
Welcome to dealing with the Chinese.
"China wanted a deal more than he did" hahahahahh
China is one who needs it so yeah.
That affect to vote next year
None of that is going to happen. He had a 1% chance of beating Hilary according to people like you. Fact is he will win even bigger this time thanks to your impeachment fraud. But Trump does need a trade deal before the election for sure and he knows it.
If the Chinese weren't 5 year olds, we would have made a deal long ago. The Chinese know they can't survive without cheating and stealing. They know that no deal gets done until they codify enforceable 20th century changes to their system. They are in a tough spot. If they play by the rules of the rest of the world, they lose. If they keep trying to play the goofy Chinese negotiation game, they lose. Meanwhile, their young people can't get jobs, Hong Kong is on fire, and sourcing relationships are vanishing that will never return. The world has been ready for an opportunity to get the ******out of there. They all owe President Trump a huge thank you.
Trump is pretty much done ... either he gets impeached, quits by March, or get slam in the election. That's it.
Buzzy lead derpist
Little Benji Mac&tired listened too intently to his snowflake liberal college profs. They convinced him that the world is full of masculine bullies who don't respect his preferences. So sad.
“ I think, very nicely”. I think?? In a periode when market was expecting a deal soon. To Trump, the best deal is getting tariffs. There is’nt going to be another deal, than tariffs. I personally can not understand why market has been going up and up. Unless market is hoping for empeachment???
impeachment there rubber duck. just looking out for yeah.
Does david w work for the ccp?
I am just a football referee here.
You mean a football *fan* and your beloved football team is China. Could you say one thing negative about your beloved? No. You continue to support your beloved no matter what happens actual fact
I guess gold will be green on monday.
I told you guys ... get ready for Monday, we should hear a loud China Roar if he thinks about poking the Lion again. China already said straight up, there will be no deal if tarriffs isn't rolled back. Trump has very little time. The Mooche already said he think Trump will step down by March. Preident Xi will be the new Quarterback for the next decade and he will throw all the play.
Interesting take David! truth is, it's hard to say what will happen. This market has turned into nothing but a roulette wheel. take a chance.
this is pure bearish again markets need to react or they will crash
I just don't care at all what Trump says.
yes.. gap up on sunday. thnk you for the pump
You realy find dis news bullish?to me it sounds not so good for the stocks..
 for this trade war what ever trump said or will say will pumps the market up. no matter if its bad news or good news.  unless he stay quiet then the market will die.
You're absolutely right! Higher highs- higher lows! Rat bastards will run anything out the roof!! Anyone take a good look at PE's lately? Nothing adds up! Someday this market has to go down in flames, at least it would seem so. Question is," How long will the AI hold it up?
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.