A trade deal between the United States and China may take a while. President Donald Trump even takes into account that the Chinese only want to sign after the US presidential election in 2020, because Beijing would prefer to make a deal with a Democrat.
“I think China will probably say let’s wait,” Trump told reporters in the White House on Friday. But after the presidential election, things can go fast according to the Republican minister. “If I win, immediately afterwards, they will all sign deals.”
Next week there will be trade negotiations between the two economic superpowers. For this, trade envoy Robert Lighthizer and finance minister Steven Mnuchin travel to Shanghai. After the talks in China, negotiators from both countries sit down in Washington.
Trump and his Chinese colleague Xi Jinping closed a ceasefire at the G20 summit in Japan at the end of June in the ongoing trade dispute. Incidentally, Trump recently threatened again with more import duties on Chinese goods.