Trump now says China trade deal might have to wait for 2020 election
LONDON - President Donald Trump said on Tuesday a trade deal with China might have to wait until after the U.S. presidential election in November 2020, denting hopes that the two largest economies would soon reach an initial deal to ease their damaging trade war.
"The Chinese side must have such a requirement, because the Chinese side has promised more U.S agricultural purchases. This is in a way, to some extent, a transaction," a Chinese source who advises Beijing on the talks told Reuters. Story continuesBut Trump's most recent trade actions may leave Chinese officials concerned about whether he would uphold an initial deal.
If there is no deal or substantial progress in talks before Dec. 15, tariffs on remaining Chinese imports, including cell phones, laptop computers and toys, will take effect, Ross told CNBC on Tuesday.
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