Former President Trump Expresses Confidence in Forging a New Trade Agreement Between the US and China

In a recent statement, former President Donald Trump indicated his belief that the United States is poised to negotiate a significant trade deal with China. This development comes amid ongoing discussions between the two economic powerhouses, with potential implications for global markets. Trump’s remarks highlight the continued importance of US-China relations in shaping international trade dynamics.

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Trump Says He Is Confident New China Trade Deal Will Be Reached Amid Tariff War

In recent weeks, tension between the US and China has continued to grow. The latter has expressed its displeasure with the arrival of America-first economic policy that targets balanced trade. Moreover, they referred to actions by the Trump administration as “extremely shameless.”

Still, those ongoing concerns have not deterred faith in a new trade agreement between both sides. Indeed, US President Trump said Thursday that he believed a deal with China would be reached. Hosting Italian Prime Minister Giorgia Meloni on Thursday, he discussed his optimism with reporters.

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“We’re going to make a deal. I think we’re going to make a very good deal with China,” Trump said. “I think you’ll see we’ll make a very good deal with China.” Moreover, the President added that he was “very confident” they would also reach a new trade deal with the European Union (EU).

The White House has said that its increased import tax on China was a result of “its retaliatory actions.” Conversely, JPMorgan CEO Jamie Dimon had previously urged the president to engage with China. Specifically, he warned that the actualization of a trade war could prove to be a great threat to the United States.