Trump says China trade talks going well, predicts 'good deal' or no deal
Updated : March 07, 2019 06:55 AM IST
Washington and Beijing have been locked in intense negotiations to end a months-long trade war. Trump, citing progress in talks, last week delayed a planned tariff increase to 25 percent from 10 percent on $200 billion of Chinese goods.
Trump's comments after the Commerce Department said on Wednesday that the US goods trade deficit surged to a record high in 2018 as strong domestic demand fuelled by lower taxes pulled in imports, despite the president's tariffs and "America First" policies aimed at shrinking the trade gap.
The United States has demanded that China make substantial changes to its laws and practices to protect US intellectual property, end forced transfers of US technology to Chinese firms, curb generous industrial subsidies and open the domestic market to US companies.