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Trump says he will end the trade deal with China if Beijing doesn’t spend what has been agreed for U.S. products

May 4, 2020

The President of the United States, Donald Trump, has threatened to end the first phase of the trade agreement with China if Beijing does not spend what has been agreed for American agricultural products.

The New York magnate, who has insisted that the Asian giant has promised to increase its purchases and invest $ 200,000 million in American products, has indicated that its Chinese counterpart Xi Jinping has only agreed to this on the tariff rate “a great negotiating tool”.

“We will have to see what happens with the purchase of products due to the action (the coronavirus). They have taken advantage of our land. Now they have to buy and if they do not we will end the agreement. It is as simple as that. ” Trump has said the South China Morning Post, according to the Chinese newspaper.

Trump says he will end the trade deal with China if Beijing doesn’t spend what has been agreed for U.S. productsTrump says he will end the trade deal with China if Beijing doesn’t spend what has been agreed for U.S. products

The 86 pages of the first phase agreement, which Trump has classified as “a big and beautiful monster”, see the US reducing additional tariffs on Chinese products worth $ 120,000 million in exchange for China’s commitment To purchase $ 200 billion worth of goods and services.

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