China economy woes help US in trade talks: Trump

January 07, 2019 09:10
US tariffs have hurt China, giving Beijing a reason to pursue trade talks with Washington, says Donald Trump. Photo: Reuters

Trade talks with China are going very well, US President Donald Trump said on Sunday, adding that weakness in the Chinese economy gives Beijing a reason to work toward a deal, Reuters reports.

"I think China wants to get it resolved. Their economy’s not doing well," Trump was quoted as telling reporters at the White House.

"I think that gives them a great incentive to negotiate." 

Asked what he expects to come out of this week’s talks in Beijing, Trump sounded a positive note.

“The China talks are going very well,” he said. “I really believe they want to make a deal.”

US officials are meeting with their counterparts in Beijing this week for the first face-to-face talks since Trump and China’s President Xi Jinping in December agreed to a 90-day truce in a trade war that has roiled international markets.

Trump imposed import tariffs on hundreds of billions of dollars of Chinese goods to pressure Beijing to change its practices on issues ranging from industrial subsidies to hacking. China retaliated with tariffs of its own.

Trump said the US tariffs had hurt China, giving Beijing a reason to strike a trade deal.

China on Friday cut bank reserve requirements amid slowing growth at home and pressure from the US tariffs.

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