When it comes to the recent trade talks with China, President Trump admits he's not happy.
While Trump says he is not yet satisfied with the talks, he also acknowledges that there is still a long way to go.
President Trump on Tuesday said he was not happy about the progress of trade talks with China — but also suggested that the US would likely cut a deal to keep Chinese telecommunications giant ZTE in business.
Sanctions imposed by the US on ZTE could have forced the company to go belly up, costing 75,000 Chinese jobs, but Team Trump revisited the penalty after Chinese President Xi Jinping appealed to the administration to reconsider.
“China has made a fortune” from the US, he said while meeting with the president of South Korea at the White House. “I’m not satisfied, but we have a long way to go.”
Trump — who during the campaign railed at China and other countries for stealing American jobs — defended the relaxation of sanctions against ZTE.
“Well, again, ZTE buys a tremendous amount of equipment and parts for their telephones” from the US, he said.
“As you know, they are the fourth-largest in the world. And they buy them from American companies. So immediately when I looked at it, it was my administration that closed them down. We caught them, not anybody else, we caught them doing bad things and we essentially made it so difficult that it was shut down,” he said.
President Trump has a lot on his plate right now. With the recent uncertainty behind the North Korea summit, Trump hasn't had much time to focus on one certain aspect of negotiations with anyone. Trump has been met with the task of fixing problems that were in place before he arrived. But if anyone can do it, it's President Trump.
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