Editors note: This is a good sign that the president is not looking to close the phase one deal with China. They would never comply. They will have to buy our agricultural products anyway. The tariffs should be made permanent and expanded.
“I like what’s happening right now,” president says.
[Paul Connor | November 20, 2019 | Fox Business]
China wants a trade deal with the U.S., according to President Trump, who was coy Wednesday about whether he wants an agreement.
“We continue to talk to China. China wants to make a deal,” Trump told reporters at the White House. “The question is, do I want to make a deal, because I like what’s happening right now. We’re taking in billions and billions of dollars.”
He shook hands on a “phase one” agreement in October, and the two countries have been trying to put it in writing since then.
He suggested that the tariffs he has placed on Chinese goods have spurred companies to bring operations to the U.S. Trump made the remarks as he was leaving Washington to tour an Apple facility in Austin, Texas.
“From the day I got elected from the campaign, I’ve been asking Tim Cook to, if they would, we want to see Apple build here,” he said. “That way you have no tariffs.”
APPLE FLEXES MUSCLES AS TRUMP, COOK TOUR FACILITIES
President Donald Trump talks to the media on his way to the Marine One helicopter, Wednesday, Nov. 20, 2019, as he leaves the White House in Washington, en route to Texas. (AP Photo/Jacquelyn Martin)
Apple secured tariff exemptions in September from U.S. trade officials on key Mac Pro parts from China, and three days later announced it would build the new Mac Pro computer at the Austin facility.
The China tariffs have added $63 billion to the U.S. Treasury in the last year, according to numbers released in August.
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