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 — lots of of billions of {dollars} a 12 months we lose with China. And until we resolve that drawback, I am not going to make a deal,” the president informed 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 drawback with China. They’ve a surplus of a minimum of a trillion {dollars} a 12 months. I feel it is like a trillion one, and I need 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 through Getty Pictures
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 slightly reduce in tariffs, it authorised that deal in quarter-hour, which reveals you the ability of tariffs,” Trump mentioned.
-ABC Information’ Hannah Demissie