Trump discounts chances of new China trade deal

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Trump discounts chances of new China trade deal
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Trump said today that the U.S.-China relationship has been “severely damaged” and downplayed the chances of a new trade deal

President Donald Trump on Friday downplayed the chances of a new China trade deal as he blasted that country’s handling of the coronavirus pandemic.Trump told reporters on Air Force One the U.S. relationship with China has been “severely damaged.” He added that he has “other things in mind” than a second trade agreement, known as phase two, with the world’s second-largest economy.

In June, U.S. Trade Representative Robert Lighthizer told the House Ways and Means Committee that he was “very happy” with China’s implementation of the phase one deal, but logistical problems created by the coronavirus had delayed phase two negotiations.The president has also stepped up his criticism of China’s handling of the pandemic as Covid-19 cases surge in the U.S. and he trails former Vice President Joe Biden in most swing states.

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