President Donald Trump mentioned America’s commerce deficit with China should first be resolved earlier than he considers making a deal concerning his sweeping tariffs towards the nation.
“We have now a trillion-dollar commerce deficit with China — a whole lot of billions of {dollars} a 12 months we lose with China. And except we resolve that downside, I am not going to make a deal,” the president advised reporters on Air Power One on Sunday.
“Now, I am keen to take care of China, however they’ve to resolve their surplus. We have now an amazing deficit downside with China. They’ve a surplus of not less than a trillion {dollars} a 12 months. I believe it is like a trillion one, and I would like that solved,” Trump mentioned.
President Donald Trump speaks to reporters whereas in flight on board Air Power One, en path to Miami, April 3, 2025.
Mandel Ngan/AFP by way of Getty Photographs
The president additionally mentioned with reporters the TikTok deal being in limbo, saying that China didn’t approve the deal due to the tariffs on the nation.
“The report is that we had a deal — just about for TikTok, not a deal, however fairly shut after which China modified the deal due to tariffs. If I gave a bit of minimize in tariffs, it authorized that deal in quarter-hour, which reveals you the ability of tariffs,” Trump mentioned.
-ABC Information’ Hannah Demissie
