President Donald Trump said on Tuesday, Dec. 3, in London, he is not in a rush to settle the China trade deal.
The president is in the United Kingdom to attend the two-day North Atlantic Treaty Organization (NATO) Leaders Meeting that started today.
“The China trade deal is dependent on one thing. Do I want to make it?” said President Trump, during the working breakfast meeting with NATO Secretary General Jens Stoltenberg.
Because “we’re doing very well with China right now,” President Trump told reporters.
The White House tweeted President Trump’s remarks, “We’re doing well with China—and we can do even better” as well as uploaded a video of the morning meeting.
We’re doing well with China—and we can do even better. pic.twitter.com/VP1Ntipb39
— The White House (@WhiteHouse) December 3, 2019
“And we can do even better with a flick of a pen,” said President Trump. He continued, “And China is paying for it” and “China has the worst year by far that they’ve had in 57 years.”
“I have no deadline. No,” said President Trump when asked if he had a deadline for the Sino-U.S. trade deal agreement.
“We’ll see what happens,” continued the U.S. president who added, “But we’re doing very well right now.”
Instead he commented on how the Trump administration made use of the money from the tariff from Chinese goods—to fund the U.S. farmers.
“I gave the farmers, as you know, 28 billion dollars and have a lot left over because the farmers were targeted by China, ” said President Trump.
He reiterated that he gave U.S. farmers “$28 billion over a two-year period and that got them whole,” stating “Everything that China took out I gave them from the tariffs that China paid us. And I have billions left over.”
“In some ways, I like the idea of waiting until after the election for the China deal,” President Trump told reporters and stating that China wants to make a deal now.
“We’ll see whether or not the deal is going to be right. It’s got to be right,” for the United States, emphasized President Trump, who added, “China has been ripping off the United States for many, many years.”
The president’s remarks about the China trade deal caused a flurry of apprehensions for the financial markets. The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index fell by 1.6 percent, according to the British guardian.com.