Local Trump says US under ‘no pressure’ for China trade deal Published 3 months ago on September 14, 2018 By Aldin Pinkott Share Tweet Image copyright Getty Images The US President Donald Trump said Washington is under “no pressure” to achieve a trade deal with China as the prospect of new tariffs loom. The comments come amid reports the two sides could resume talks to stave off a third round of US tariffs. China welcomed the offer of talks and said the two countries were discussing the details, according to reports. The US has launched a trade war against China which could see all of its exports to the US subject to duties. “We are under no pressure to make a deal with China, they are under pressure to make a deal with us,” Mr Trump said in a tweet on Thursday. “Our markets are surging, theirs are collapsing.” The US and China have slapped tariffs on $50bn of one another’s goods this year in an escalating trade war between the world’s two largest economies. The tariffs are the latest Trump policy to challenge the free trade system which has prevailed for decades. They are already affecting companies, particularly the automobile industry, and hurting economies. Trump said last week he could move “very soon” to impose tariffs on an additional $200bn (£153bn) worth of products with taxes on another $267bn “ready to go on short notice”. If both sets of tariffs go ahead it would mean virtually all of China’s US exports would be subject to new tariffs. Potential talks Details on the potential talks were thin, but Larry Kudlow, White House economic advisor, said the prospect of talks was a positive development. Mr Kudlow told Fox Business News on Wednesday that US Treasury Secretary Steven Mnuchin “has apparently issued an invitation”. “I can’t give you many details because there aren’t many details. But I always believe in most cases talking is better than not talking, so I regard this as a plus.” Later on Thursday, China’s foreign ministry welcomed the offer of talks and said the two countries were discussing details. The White House says tariffs are a response to China’s unfair trade policies, which Mr Trump blames for helping to create a huge trade deficit. China accuses the US of launching “the largest trade war in economic history” and has retaliated in kind. Credit:BBC Share this:Click to share on WhatsApp (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Skype (Opens in new window) Related Related Topics:Featured Up Next Actress Cynthia Nixon loses New York Democratic primary Don't Miss Suspected gas explosions set homes ablaze in Massachusetts Continue Reading You may like Meghan Markle vowed to live ‘less stifled’ life before dating Prince Harry Former Juve sporting director Marotta takes over at Inter Milan Constantinople was unwise to antagonize Moscow, leading Orthodox theologian says Follow Us On Flipboard Magazine. Latest U.S. Politics23 mins ago Meghan Markle vowed to live ‘less stifled’ life before dating Prince Harry Not long before she met Prince Harry, Meghan Markle vowed to live a “life less stifled” and to “take a... Sports33 mins ago Former Juve sporting director Marotta takes over at Inter Milan Giuseppe Marotta arrives to attend the draw for UEFA Champions League at the Grimaldi Forum in Monaco. Giuseppe Marotta has... World36 mins ago Constantinople was unwise to antagonize Moscow, leading Orthodox theologian says The Patriarch of Constantinople was wrong to declare Ukraine no longer subject to the Russian Orthodox Church as the conflict... Business52 mins ago Data Sheet—These Bleak Times for Global Tech Companies Jobs for everyone. After a grueling public process involving bids from over 200 cities…oh, wait, no. Apple skipped all that... World1 hour ago Ian Naude: Cheshire PC jailed for raping 13-year-old girl Image copyright Cheshire Police Image caption Ian Naude was being investigated for sex offences when he became a student officer... Most Read Tech1 week ago YouTube top earners: The seven-year-old making $22m Sports7 days ago Maurizio Sarri is steering Chelsea away from top four for second year running unless these changes are made, says Adrian Durham Sports7 days ago Who are the two best central defenders in the world?