President Donald Trump praised his progress in the trade negotiations with China on Monday, after talks that Beijing might be using the administration.
“I ask Senator Chuck Schumer, why didn’t President Obama & the Democrats do something about Trade with China, including Theft of Intellectual Property etc.? They did NOTHING! With that being said, Chuck & I have long agreed on this issue! Fair Trade, plus, with China will happen!” Trump tweeted early Monday.
Trump’s remarks come after high-level talks with China were held in Washington last week.
According to Fox News, Beijing agreed in a joint statement with the U.S. to “substantially reduce” America’s trade deficit with China, but did not commit to cut the gap by any specific amount. The Trump administration has sought to slash the deficit by $200 billion.
Meanwhile, Secretary of Treasury Steven Mnuchin said that the U.S. has signed a deal with China in order to cut the trade deficit while holding off on the tariffs. Mnuchin also said the U.S. expects to see farm sales to China increasing 35 to 45 percent this year alone.
“China has agreed to buy massive amounts of ADDITIONAL Farm/Agricultural Products—would be one of the best things to happen to our farmers in many years!” Trump tweeted Monday. “On China, Barriers and Tariffs to come down for the first time.”
Senate Minority Leader Chuck Schumer said in a written statement on Sunday that “President Trump has created a unique opportunity but the people doing the negotiating shouldn’t blow it. There is nothing wrong with these talks, but the proof of the pudding is in the eating.”
Schumer also called on China to get serious and start taking “strong actions on intellectual property, cyber theft, and American companies having free access to sell goods in China.”
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