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

Published 05/06/2020, 04:00 PM
Updated 05/06/2020, 06:10 PM
© 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.

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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.

Latest comments

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.
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.
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
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.
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????
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.
unfortunately they will
That sounds like an ultimatum
That’s extremely humiliating for china!
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
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.
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
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?
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.
We will certainly remember the lies from China and how a totally preventable pandemic was allowed by China to wreak havoc on the world.
Trump bluffing. Just like Pompeyos area strong evidence as to the origin of the virus and then he had to walk it back today
China manufactures, US prints papers.
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
 printing innovation
 Name one game-changing innovation to come out of China in the last 1,000 years.
depends where the S&P 500 is probably
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