Pandemic clouds US-China trade deal: Trump

Published May 15, 2020
In this June 29, 2019 photo, US president Donald Trump and his Chinese counterpart Xi Jinping pose ahead of their bilateral meeting during the G20 leaders summit in Osaka, Japan.—Reuters
In this June 29, 2019 photo, US president Donald Trump and his Chinese counterpart Xi Jinping pose ahead of their bilateral meeting during the G20 leaders summit in Osaka, Japan.—Reuters

WASHINGTON: US President Donald Trump said on Thursday he was very disappointed in China over its failure to contain the novel coronavirus, and that the worldwide pandemic had cast a pall over his trade deal with Beijing.

The coronavirus outbreak, which originated in Wuhan, China, in December, was spreading as the United States and China signed a Phase 1 trade deal in January that was hailed by the Republican president as a major achievement.

“I’m very disappointed in China,” Trump said in an interview broadcast on Fox Business Network.

“They should have never let this happen. So I make a great trade deal and now I say this doesn’t feel the same to me. The ink was barely dry and the plague came over. And it doesn’t feel the same to me,” he said.

The US president’s pique extended to Chinese President Xi Jinping, with whom, Trump has said repeatedly, he has a good relationship.

“But I just right now I don’t want to speak to him. I don’t want to speak to him,” Trump said.

Under the Phase 1 agreement, Beijing pledged to buy at least $200 billion in additional US goods and services over two years while Washington agreed to roll back tariffs on Chinese goods in stages.

A Chinese state-run newspaper has reported that some government advisers in Beijing were urging fresh talks and possibly invalidating the agreement.

Trump said again he was not interested in renegotiating.

Trump was asked about a Republican senator’s suggestion that US visas be denied to Chinese students applying to study in fields related to national security, such as quantum computing and artificial intelligence.

“There are many things we could do. We could do things. We could cut off the whole relationship,” he replied.

“Now, if you did, what would happen? You’d save $500bn if you cut off the whole relationship,” Trump said, referring to estimated US annual imports from China, which Trump often refers to as lost money.

Published in Dawn, May 15th, 2020

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Enter the deputy PM

Enter the deputy PM

Clearly, something has changed since for this step to have been taken and there are shifts in the balance of power within.

Editorial

All this talk
Updated 30 Apr, 2024

All this talk

The other parties are equally legitimate stakeholders in the country’s political future, and it must give them due consideration.
Monetary policy
30 Apr, 2024

Monetary policy

ALIGNING its decision with the trend in developed economies, the State Bank has acted wisely by holding its key...
Meaningless appointment
30 Apr, 2024

Meaningless appointment

THE PML-N’s policy of ‘family first’ has once again triggered criticism. The party’s latest move in this...
Weathering the storm
Updated 29 Apr, 2024

Weathering the storm

Let 2024 be the year when we all proactively ensure that our communities are safeguarded and that the future is secure against the inevitable next storm.
Afghan repatriation
29 Apr, 2024

Afghan repatriation

COMPARED to the roughshod manner in which the caretaker set-up dealt with the issue, the elected government seems a...
Trying harder
29 Apr, 2024

Trying harder

IT is a relief that Pakistan managed to salvage some pride. Pakistan had taken the lead, then fell behind before...