Wilbur Ross: Tariff Delay Was Not 'Quid Pro Quo' With China

Did Trump just blink in his one-man trade war with China? US govt stalls import tariff hike on Chinese phones, laptops, electronics

Nonetheless, latest leg of battle of quotes was brought into light after fanning the flames of a Sino-US trade war further, Trump had said in an interview on a New Hampshire Radio Station, WGIR, "China, frankly, would love to make a deal, and it's got to be a deal on proper terms. There's not many more to play and we're hoping that that is resolved quickly".

"You may as well go to a place that's more tranquil, that's more peaceful, that's not in the crosshairs of America, that's pro-America, that's not abusing America, that's not stealing intellectual property from America", he said. "They haven't bitten into us at all except for the reporters that want to make it look that way, but they don't understand what's happening", he said. The only impact has been that we've collected nearly $60 billion from China, compliments of China. The president clings publicly to the fiction that the tariffs he imposes are paid by the Chinese rather than the American importers, businesses and consumers who actually foot the bill.

Mr Trump, who is seeking re-election next year and had made the economy and his tough stance on China a key part of his 2016 campaign for the White House, on Thursday said any agreement must meet United States demands.

Mr. Trump no doubt thinks the Hong Kong protesters matter in some sense, but supporting them would put his one-to-one relationship with Mr. Xi and the trade deal at risk, and so "they'll have to deal with that themselves".

"We're having very good discussions with China".

But Trump said later Thursday that any agreement must meet USA demands, suggesting the possibility of a protracted stalemate. "But just in case they might have an impact on people, what we've done is we've delayed it so that they won't be relevant for the Christmas shopping season". "We do this for the Christmas season", he told reporters, referring to the delay and exemption of the new assessments announced a few hours earlier. "Now, I think they would like to have that opportunity again", the United States president said. "We'll be speaking with him (Xi Jinping) very soon", he said. If he wants to he can work that out in a very humane fashion. However, the Trump administration has indicated that some products - such as cellphones, computers and toys - would not be subject to additional tariffs through December 15, a move the president said could spare shoppers some added holiday expense. "He can work out something so that everybody is happy".

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