Donald Trump Refuses to Renegotiate a Trade Deal with China

Washington US President Donald Trump has said that he is not interested in renegotiating the trade deal with China. The day before, the US warned Beijing of suffering very serious consequences if it did not honor the agreement reached earlier this year to end the trade war. Trump’s statement came in the context of a report by Hong Kong’s South China Morning Post that said China wanted to renegotiate the trade deal to make it more favorable to Beijing.

In relation to this report, Trump was asked, are you willing to do this? Trump said no to this on Monday. never. Not even to some extent. No, I’m not interested. We have signed the agreement. I have also heard about this. They want to reopen trade talks to create a better agreement for themselves.

Trump said that China had been taking advantage of the US for decades, as his predecessors allowed it to happen. He said no, I am not interested in it. Let us see if they follow the agreement they have signed.

On May 4, US Finance Minister Steven Mnuchin warned that if China did not honor the trade deal, it would have serious consequences. Trump has previously stated that if China did not honor the agreement and did not comply with its provisions in the wake of the Coronavirus epidemic, they would cancel it. Under the agreement reached between the US and China in January, Beijing agreed to purchase at least $ 200 billion worth of American products and services in 2020-21.