TRADE WARS
Trump rules out renegotiating China trade deal
by Staff Writers
Washington (AFP) May 11, 2020

US President Donald Trump on Monday ruled out renegotiating the trade agreement signed with China.

"I'm not interested in that," Trump told reporters when asked about reports that China was looking to reopen talks about the trade deal signed in January.

"Not even a little bit," Trump said. "Let's see if they live up to the deal that they signed."

Washington and Beijing reached a partial trade deal in January.

As recently as Friday Vice Premier Liu He, who had led China's negotiations, spoke by phone with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin and confirmed that both sides agreed to implementing the first phase of the deal.

Under the agreement the Trump administration agreed to postpone any further tariff increases, while China promised to increase by $200 billion over two years their purchases of US products compared to the level of 2017.

The US president has hit out at China's handling of the novel coronavirus pandemic and threatened fresh tariffs.

The Trump administration accuses China of taking too long to warn the world about the epidemic, and therefore to blame for the virus spreading around the world and triggering the global economic crisis.

US Secretary of State Mike Pompeo has even said claimed that the coronavirus pandemic likely originated in a Chinese laboratory, but acknowledged there was no certainty.


Related Links
Global Trade News

TRADE WARS
China, US commit to implement trade deal despite virus row
Beijing (AFP) May 8, 2020
Chinese and US trade representatives agreed Friday to "create favourable conditions" for the phase one trade deal signed in January, officials said, despite recent tensions over the coronavirus pandemic. Vice Premier Liu He, who had led Beijing's negotiations, held a call in the morning with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. "Both sides said they should strengthen macroeconomic and public health cooperation, strive to create a favourable atmosphere ... read more

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
At Shanghai High, new back-to-school realities under coronavirus

Epidemic lockdown: little comparison for WWII survivors

India embarks on 'massive' coronavirus repatriation

France say virus-tracking app won't be ready until June

TRADE WARS
Gaming becomes king of entertainment in pandemic lockdown

'Assassin's Creed' stars as Xbox teases new games

Getting by in the pandemic with help from (virtual) friends

Special effects and virtual guests: China weddings go online

TRADE WARS
Shrinking snowcaps fuel harmful algal blooms in Arabian Sea

Hong Kong seizes fins from 38,500 endangered sharks

Shedding light on the ocean's living carbon pump

Oceans should have a place in climate 'green new deal' policies, scientists suggest

TRADE WARS
US Navy ships in Barents Sea near Russia, 1st time since 1980s

How catastrophic outburst floods may have carved Greenland's 'grand canyon'

NASA space laser missions map 16 years of ice sheet loss

Glacier detachments: A new hazard in a warming world?

TRADE WARS
Rain brings optimism for drought-plagued Aussie farmers

Intensive farming makes epidemics more likely

Technique could enable cheaper fertilizer production

Amino acid swap may help wheat tolerate rising heat

TRADE WARS
Kenya floods have killed nearly 200 in past month: govt

6.8 magnitude quake strikes in Indonesia's Banda Sea, no tsunami alert

Climate change is influencing where tropical cyclones are formed

Rethinking tsunami defense

TRADE WARS
DR Congo again blames Hutu rebels for ranger massacre

Libya unity govt protests 'French Rafale overflight'

S.Africa to deploy 73,000 more troops for lockdown

Madagascar president launches coronavirus 'remedy'

TRADE WARS
Evidence of Late Pleistocene human colonization of isolated islands beyond Wallace's Line

Commuter data helps scientists define metropolitan boundaries

Study reveals rich genetic diversity of Vietnam

Diverse livelihoods helped resilient Levanluhta people survive a climate disaster