Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Trump says could say in a week or two whether China adhering to trade deal

Stock MarketsMay 06, 2020 06:10PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. U.S. President Donald Trump hosts ceremony honoring nurses at the White House in Washington

By Jeff Mason and Alexandra Alper

WASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday he would be able to report in about a week or two whether China is fulfilling its obligations under a Phase 1 trade deal the two countries signed in January before the coronavirus spread globally.

Trump, whose administration is weighing punitive actions against Beijing over its early handling of the virus outbreak as economic damage mounts, said he was "watching closely" whether China would meet its commitments to increase U.S. goods purchases under the trade deal.

He said China was buying a lot of American farm product, but questioned whether the purchases were at the levels needed to meet the deal's commitments on U.S. agricultural and manufactured goods, energy and services.

"I'll be able to report in about a week or two as to - not only with the farmers, but with many other industries also," Trump said.

"They understand they have a deal and hopefully they're going to get with the deal and we'll see. They may. They may not. We're going to find out," Trump added.

Under the trade deal, China agreed to increase its purchases of U.S. goods from a 2017 baseline by $200 billion over two years, with about $77 billion in increased purchases in the first year and $123 billion in the second year.

Washington has pledged to launch negotiations with Beijing on a Phase 2 trade deal tackling government subsidies and thornier technology transfer issues, but there has been no effort to start these talks since the coronavirus has locked down large parts of the U.S. economy.

U.S. officials have said they are weighing actions against China, including possible tariffs and moves to shift supply chains away from China.

Asked about these at a White House briefing, Trump said, "We're in the midst of some very big things, so I just don't want to talk about that now."

But comments by White House press secretary Kayleigh McEnany on Wednesday highlighted a deepening rift between Washington and Beijing.

"Right now it's a relationship of disappointment and frustration because the president has said how frustrated he is that some of the decisions of China put American lives at risk," McEnany said.

Trump says could say in a week or two whether China adhering to trade deal
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (13)
Jason Zou
Jason Zou May 06, 2020 9:29PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Just to avert peoples punitive accusation against Mr Trump, over his lack of actions in Feb and first half of March in handling of the virus outbreak in US, now the death toll going through the roof.
David David
David9 May 06, 2020 9:28PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Scientists are looking, more and more evidence coming out that virus was not in the market the first place. A New York mayor said he got the virus in November. Many evidence are coming out with people having the virus way before seen in China. China is going to make is pay for the damage if we keep on spilling the Fake news.
Brady Murray
Brady Murray May 06, 2020 9:28PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Fake news. unproven. China new they had a big problem in December but silenced their people most likely by murdering them to cover it up . Then they allowed millions to leave China and spread this ********everywhere. Thanks CHINA
David David
David9 May 06, 2020 9:24PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
China doesn't need to buy. Under the deal, they do not need to buy if there is some hardship. So if Trump wants to tore up the deal, then go for it. China said no more need to make deals when Trump can decide if he wants to pull out at any time. China rather make deals with others.
Michael King
Michael King May 06, 2020 8:41PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
30 million Americans have lost jobs in a month and the national debt has passed 23 trillion or over 100% of the GDP. But Trump is still flirting around and playing the same kids game every day. Why Obama pass such a powerful country to a shallow kid????
Yuri Aurich
Yuri Aurich May 06, 2020 7:37PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
It took years after WWII for Germans to understand how bad ****was for them and the world. I hope you don't have to repeat the same mistake.
Tong Luo
Tong Luo May 06, 2020 7:37PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
unfortunately they will
Armand Hz
Armand Hz May 06, 2020 7:15PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
That sounds like an ultimatum
Armand Hz
Armand Hz May 06, 2020 7:09PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
That’s extremely humiliating for china!
Joe Joe
Joe Joe May 06, 2020 6:51PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
in my opinion, trump and american think, what trump is doind is for the benefits of american but in a few years, americans will pay the price.. the economy, the people will pay for it with higher price for merchandise produce there.. unless you allow migrants to work there to cut down the cost.. then the migrants will bring a whole lot more of problems into society system of america.. to regulate and monitor migrants is another story
Canis Lupus
Canis_lupus May 06, 2020 6:51PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
who wants to bet in a week or two, if the market is looking bad, the Trump pump will be about a beautiful letter he got from Xi and how happy and excited they are to honor the trade deal.
Joe Wiggs
Joe Wiggs May 06, 2020 5:04PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Trump bluffing. Just like Pompeo said he had strong evidence as to the origin of the virus and then he had to walk it back today
Rehoboam IO
Rehoboam May 06, 2020 5:04PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
We all know it originated in Wuhan China and that China covered it up, resulting in what will ultimately be 1 million deaths. What's controversial?
Roman Cerny
Roman Cerny May 06, 2020 5:04PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
With this rhetoric Trump is just trying to cover his own mistakes and mess he made during the corona crisis, basically shift the negative attention on someone else. I hope US voters will have a good memory at the end of the year.
Rehoboam IO
Rehoboam May 06, 2020 5:04PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
We will certainly remember the lies from China and how a totally preventable pandemic was allowed by China to wreak havoc on the world.
Joe Wiggs
Joe Wiggs May 06, 2020 5:04PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Trump bluffing. Just like Pompeyos area strong evidence as to the origin of the virus and then he had to walk it back today
Jack Zhang
Jack_A May 06, 2020 4:58PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
China manufactures, US prints papers.
Show previous replies (10)
Hristo Nikolov
Hristo Nikolov May 06, 2020 4:58PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Rehoboam IO  Now small Korea is much more innovative than the US! These countries - Korea and China - in the last 10-15 years have educated a generation that the United States had 30 years ago!
Jack Zhang
Jack_A May 06, 2020 4:58PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
where is US 5G? For the sake of US, the focus should be development and working hard, not attacking others.
Rehoboam IO
Rehoboam May 06, 2020 4:58PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
A lot of Koreans would be greatly insulted that you're comparing them to the thieves of China. 5G? LOL, I knew you'd bring up the one thing you THINK China innovated. 5G is OPEN SOURCE genius, there's nothing to steal. Plus they rely on US chips and other components to build it out. You truly are deluded by Emperor WInnie the Xi
Mart Bab
Rubberduck1973 May 06, 2020 4:58PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Rehoboam IO  printing innovation
Kilo Byte
Kilo Byte May 06, 2020 4:58PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Hristo Nikolov  Name one game-changing innovation to come out of China in the last 1,000 years.
Andres GG
Andres GG May 06, 2020 4:27PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
depends where the S&P 500 is probably
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email