Trump says that China has submitted a list of trade demands, may make a deal
President Trump said Friday that further tariffs against China may not be needed, provided the two countries can reach a reciprocal trade deal, a suggestion that he is more optimistic about the prospects for negotiations. "We have another $267 billion [in tariffs ready] to go if we want to, [but] we may not have to do that. China wants to make a deal," Trump said at a White House bill signing event. "China has never been in this position, and I don't want to put China in a bad position," he said. "I want to put them in a good position, but we have to have reciprocal trade … I think a deal will be made. We'll find out very soon." The president said that China has delivered a written response to Washington regarding its trade demands, but the details of the response have not been disclosed. Administration officials have pressured China to put its positions in writing, something Beijing has resisted doing as that would limit their negotiating ability. "They sent a list of things that they are willing to do. Which was a large list. It's just not acceptable to me yet," Trump said. Trump and Chinese President Xi Jinping are set to talk on trade during the G-20 summit in Argentina next week. Administration sources have previously leaked to various media outlets that tariffs covering as much as $267 billion worth of Chinese goods could be announced if no progress is made at the meeting. The U.S. has already hit $250 billion worth of Chinese goods with tariffs ranging from 10 to 25 percent. The existing tariffs are set to hit 25 percent across the board next year.
https://www.washingtonexaminer.com/policy/economy/trump-says-that-china-has-submitted-a-list-of-trade-demands-may-make-a-deal