China will get better U.S. trade deal if it solves North Korea problem: Trump


U.S. President Donald Trump (L) and China’s President Xi Jinping shake hands while walking at Mar-a-Lago estate after a bilateral meeting in Palm Beach, Florida, U.S., April 7, 2017. REUTERS/Carlos Barria

By David Lawder | WASHINGTON Tue Apr 11, 2017 | 2:24pm EDT

President Donald Trump said on Tuesday he had told China’s President Xi Jinping at a summit last week that Beijing would get a better trade deal with Washington if it helped solve the U.S. problem with North Korea.

“I explained to the president of China that a trade deal with the U.S. will be far better for them if they solve the North Korean problem!” Trump, who held talks with Xi in Florida last week, wrote on Twitter.

“North Korea is looking for trouble. If China decides to help, that would be great. If not, we will solve the problem without them!” he added in a second note.

Persuading China to put pressure on its neighbor and ally North Korea to halt its nuclear weapons and ballistic missile development was a key objective for Trump in his first meeting with Xi.

The two leaders agreed to negotiate a 100-day plan aimed at bringing down China’s massive trade surplus with the United States, but the two sides offered few details.

China’s ambassador to the United Nations, Liu Jieyi, on Tuesday repeated China’s call for a return to dialogue with North Korea, and when asked about Trump linking a trade deal to China’s help with on North Korea, told Reuters:

“We need to look at the situation on the Korean Peninsula as something that we should work together on.”

Trump’s linkage of trade and North Korea drew criticism from Senator Charles Schumer, the top Senate Democrat, who has sided with Trump in the past on trade. He called on Trump to stick to his campaign vows to take tough action on Chinese trade abuses.

“I think what he’s saying is, if they are tough on North Korea, I’ll go easier on trade,” Schumer said told reporters. “Ask the American people if they like that deal. They won’t.”

A senior administration official, who spoke on condition of anonymity, told Reuters China had suggested some areas where trade frictions could be reduced.

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“We are adding some additional items to that list,” the official said, while declining to give details.

Opening China to U.S. beef and U.S. services-sector investment are among the topics in the trade talks, White House spokesman Sean Spicer said on Monday.

China agreed last year to end a 13-year ban on U.S. beef, but purchases have yet to resume.

“An absolutely minimum starting point is for China to start honoring agreements it’s already committed to,” the U.S. official said.

(Additional reporting by Michelle Nichols at the United Nations and David Brunnstrom, Matt Spetalnick and David Alexander; Editing by James Dalgleish)

Source: Reuters “China will get better U.S. trade deal if it solves North Korea problem: Trump”

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4 Comments on “China will get better U.S. trade deal if it solves North Korea problem: Trump”

  1. Fugu says:

    Trade deal? Uneven balance of trade?

    Hogwash.

    Trump knows that if he impose high tariffs on “Chinese products”, he would be inflicting pain and losses to American entrepreneuers and businesses who had invested in China. And they are supporters of the Republican party, and part of the Wall Street-ultra rich “Establishment”. And THEY are the ones calling the shots in America, especially the oligarchs. Trump will NOT be holding his job for long if he jeopardise their wealth and profitable businesses.

    And Trump himself should know. He and his daughter and sons runs some thriving business using China as a high efficiency production base and as a huge lucrative market.

    So, the only conclusion is Trump has now learnt to play “Kabuki”. Acting in concert with the lying fake news Amerikan mass medias and all those dutiful Amerikan mouthpiece politicians, think tanks, CIA trolls and academics. It is all a game of deception now.

    Don’t believe anything the Amerikans says or write these days. Just determine what cards they hold. And China is in a good position holding good cards. Be not fearful of Trump’s “Poker bluff”.

    Like

  2. Simon says:

    More like China promise not to bankrupt America if it keeps out of SCS and stop backing Taiwan.
    North Korea is not a problem but an excuse for America to station its troops in South Korea and Japan. The Yanks are now panicking because North Korea is close to developing ICBM that threaten their homeland and need China to guarantee America’s security. Xi Jinping should demand America pays China for keeping the leash on Kim Jong Un.

    Like

  3. Joseph says:

    Is Trump prepared to sell America’s soul to China? Because that’s what America has left of ‘values’. Trump is talking about ‘better’ deal with China, but he’s talking about America’s desperation toward American beef import in China. So who’s actually in the position to give better deal? Beef is but one plight that America has with China. There are more trade plights that America has with China as the result of Chinese retaliatory action for American illegal tariffs on Chinese products. All in all, China does not need any special concessions from America. America needs Chinese products desperately. The American has been trying to outsource their Chinese-dependant imports to American-favorite nations such as India, Vietnam and South America, in which they failed to match Chinese reliability on manufacturing. The American loves to mock Chinese products for bad quality, but the quality of these countries is even worse, hence the American is still stuck with Chinese products. The American also needs to market its products, and there’s no bigger market than China. The America has already tried to market their overpriced product to American-favorite nations such as India, Vietnam and South America, but none of these nations could afford American products to sustain American industry. Not that any of these countries regard American product as ‘high-quality’ anyway. America’s only industrial salvation now is China for both investment and market. If not, Trump would not have appointed Iowa governor who has good record with China as ambassador. So if Trump is talking about giving ‘better’ trade deal to China, it would be nothing less than unrestricted and unconditional economic access to China with special immunity from begrudging locals. Something that European colonizers demanded, often by force, from local rulers in the past. Other than that, there’s no ‘better’ trade deal that Trump could offer China. China, after all, already has all they could have.

    Like

  4. Steve says:

    Does China really need to kowtow to Trump’s demands of a “fairer” trade deal aimed at bringing down China’s huge surplus with the USA.? China is not a developed country as opposed to being a second largest economy and third largest military. China’s GDP is still below the minimum threshold for a developed country statues. China should maintain its surplus or even increase it. China is not robbing the US blind, it is the US that has lost its status as a manufacturing nation with high taxes and American enterprises moving off shore. China is doing very well in Africa, Asia, Mexico and LatAm countries by moving some of its manufacturing enterprises off shore. Let’s see what happens after the 100 days plan, but bear in mind TPP is dead, NAFTA is about gone and protectionism cannot match globalisation & free trade unless the world is in a depression. The US owes roughly one trillion US dollars and about time China should slowly dump the treasury bonds because the US cannot payback what it owes.

    As the saying, if the client owes the bank one million dollars the client is in trouble, but if the client owes the bank one trillion dollars, the bank or banker (China) could be in serious trouble.

    Like


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