Trump Calls Chinese Economy “Very Spoiled”
Donald Trump took part in trade talks with China and expressed concern that economic relationship between countries become less effective.
American President hesitates about the success of US-Chinese trade. He stated that America loses near $500 billion per year cooperating with China. He also called economics of Asian and European countries “very spoiled”. According to his point of view, collaboration with these countries destroys American economics.
On the other hand, Donald Trump ignores the fact that Chinese, for example, not only sell to the USA but also buy American goods. Americans spent more than $505.6 billion in China goods, but on the contrary, Chinese procured goods for $130.4 billion from the USA. Thus, the trade deficit in goods was $375 billion.
Earlier the U.S. Commerce Department imposed sanctions against ZTE, Chinese telecom company. Talking to President Xi Jinping, Donald Trump offered to lift sanctions and give a chance to ZTE to come back to business. American President also is ready to develop productive relationships with China. “I can only tell you this, we’re going to come out fine with China. Hopefully, China is going to be happy. I think we will be happy,” he said.
