Those hoping that the U.S. can avert further trade tensions with China will be disappointed to learn that President Trump now thinks it’s better to wait for the 2020 elections before doing something about the issue.
Whether there is a real strategy behind this or it’s just something that his administration feels would help his campaign, is currently unknown, but following his comments, both European share prices and the Chinese yuan took a hit, reports Autonews Europe.
“I have no deadline, no. In some ways I think it’s better to wait until after the election with China,” Trump told reporters in London. “But they want to make a deal now, and we’ll see whether or not the deal’s going to be right. It’s got to be right.”
Investors and manufacturers alike have been hoping that the U.S. and China might resolve this issue, which has slowed economic growth on a global scale. To make matters worse, Trump also said that a deal with China would only happen if he wanted it to.
“I’m doing very well on a deal with China, if I want to make it,” said the U.S. President. “I don’t think it’s up to if they want to make it, it’s if I want to make it. We’ll see what happens.”
“I’m doing very well, if I want to make a deal, I don’t know that I want to make it, they’re going to find out pretty soon.”