President Donald Trump stated that he will not negotiate with China unless the trade deficit of over $1 trillion is resolved first. Trump emphasized the importance of resolving trade deficits, claiming that the U.S. suffers losses of hundreds of billions of dollars each year with China.
Trump confirmed that the tariffs he imposed resulted in significant investments in the U.S., stating, “we have $7 trillion of committed investments” due to these tariffs. Reports indicate that Trump’s tariffs have sparked trade tensions, with China vowing to counter similar tariffs, while U.S. allies express strong opposition to Washington’s actions.
