Just back from his whirlwind Asia tour, US President Donald Trump on Friday hailed a newly negotiated trade deal with China as a “long-lasting” victory even as he teased the possibility of more tariff concessions.
“The deal with China is going to be wonderful. It’s going to be long lasting,” Trump said, crediting his personal rapport with Xi for the success. “I got along with President Xi very well … The meeting with China was incredible.”
“The rivalry’s structural fault lines remain intact,” said Han Lin, Shanghai-based China managing director with the Asia Group. “Unsurprisingly, both leaders are playing to their bases, not building lasting peace.”
‘We have a deal’: Trump claims breakthrough after ‘12 out of 10’ talks with Xi Jinping
‘We have a deal’: Trump claims breakthrough after ‘12 out of 10’ talks with Xi Jinping
Thursday’s pact, building on a framework announced earlier in the week, averts a threatened escalation in the trade war and secures a pledge by China to buy at least 25 million tons (22.68 million metric tonnes) of US soybeans annually for the next three years, along with sorghum and other farm products.
