....The only problem is that they know I am going to win (best economy & employment numbers in U.S. history, & much more), and the deal will become far worse for them if it has to be negotiated in my second term. Would be wise for them to act now, but love collecting BIG TARIFFS!— Donald J. Trump (@realDonaldTrump) May 11, 2019
CNBC: Trump tells China to ‘act now’ on trade or face a ‘far worse’ deal in his second term
* Chinese and U.S. negotiators held trade talks in Washington Friday after Trump more than doubled tariffs on $200 billion of Chinese goods.
* Trump said Friday’s talks were constructive and negotiations will continue.
* Treasury Secretary Steve Mnunchin told CNBC no further trade talks are planned between the two sides “as of now.”
President Donald Trump on Saturday called for China to act now on trade or risk facing a worse deal if negotiations continue into a possible second term after the 2020 presidential election.
Trump claimed China was ‘beaten so badly’ in recent trade negotiations that Beijing wanted to wait until after the 2020 election in the hope a Democrat would win the White House and offer them a better deal.
Trump, however, said he would prevail in the upcoming election and warned that a trade deal would be ‘much worse’ for China if it was negotiated during his second term.
Read more ....
WNU Editor: As mentioned in a previous commentary ....
.... The U.S. economy is booming, there is full employment, and U.S. wages are for the first time in decades increasing. In this environment there is no reason or motivation for the White House to compromise on trade, let alone capitulating completely to Beijing's demands.
The Chinese have very little if any leverage over President Trump, and President Trump is making that very clear to them. But are the Chinese listening? From what I am reading and hearing from China, the answer is no.
More News On President Trump Warning China To Make A Trade Deal
Trump to China: Trade deal now or it will be 'far worse' after 2020 -- AFP
Trump's Tariffs Put China at Center of 2020 Re-Election Bid -- Bloomberg
Trump Warns China To "Act Now" On Deal Or Face "Far Worse" Terms -- Zero Hedge
