WASHINGTON: The United States has expressed its readiness to negotiate a trade agreement with its primary economic competitor, China. However, the U.S. insists that Beijing must take the initiative to begin discussions.
During a press briefing on Tuesday, White House press secretary Karoline Leavitt informed reporters that President Donald Trump is willing to pursue a trade deal with China.
“The responsibility lies with China. They must come to us with an offer; we are not obligated to initiate a deal with them,” Leavitt stated, relaying comments from Trump made during a private meeting in the Oval Office.
“China desires what we possess… the American consumer—essentially, they rely on our financial resources,” Leavitt emphasized.
In a retaliatory action, China increased its tariffs on imports of U.S. goods to 125% on Friday, following Trump’s decision to raise tariffs on Chinese products to 145%, while suspending planned tariffs on goods from other nations.
Trump has previously spoken positively about Chinese President Xi Jinping, yet both leaders have remained firm amidst the escalating trade conflict between their nations.
“The president has clearly stated that he is open to negotiation with China. However, China must come forward and make a deal with the United States,” Leavitt reiterated.
Trump has indicated hope for a favorable resolution to the trade tensions between these two major global economies. Unlike various other countries that have sought negotiations with Washington in response to his tariff strategies, Beijing has chosen to escalate its tariffs on American goods and refrain from engaging in talks.
