Vastavam web: President Donald Trump has blamed the “poor” American leadership of the past which “allowed” China to take advantage of the United States.Updating his Cabinet colleagues on trade negotiations, Trump yesterday said the NAFTA (North American Free Trade Agreement) deal, currently being renegotiated with Canada and Mexico, was a horrible one.”And I don’t blame China. I blame the people running our country. I blame presidents. I blame representatives. I blame negotiators. We should have been able to do what they did. We didn’t do it; they did. And it’s the most lopsided set of trade rules, regulations that anybody’s ever seen,” he said.
Despite the growing fears about a potential trade war between the US and China, triggered by Trump’s warning of tariffs on an additional USD 100 billion worth of Chinese imports, the US president claimed to be on good terms with Xi Jinping.Trump said the US was strongly renegotiating NAFTA and was close to a “right deal”.
“We will see what happens. But the US is strongly renegotiating NAFTA. We’re fairly close on NAFTA. And if we don’t make the right deal, we will terminate NAFTA, and we will make the right deal after that. But we have a chance to make a deal on NAFTA,” he said.Trump said the US had similar “bad deals” with South Korea and the EU.”If you look at the European Union, they have tremendous barriers — trade barriers. We essentially have bad deals with everyone,” he said.Noting that the North Korea and South Korea situation complicated it, Trump said the deal that the US was going to have with South Korea was going to be “a very fair deal”.
“We want a fair deal, and we don’t have fair deals,” he said.White House Press Secretary Sarah Sanders told reporters yesterday that Trump has worked with his team to determine how best to respond to China’s attack on American farmers.”The president has asked the Department of Agriculture to protect farmers, and will present a plan on the specifics of that shortly,” said Sanders.Navarro said Trump had given China “every opportunity” to end its unfair trade practices, “which” has only grown”.
The US trade deficit in goods with China has grew from USD 347 billion in 2016 to USD 375 billion.Navarro alleged that China’s reaction to Trump’s “legitimate” defence of the American homeland had been “a Great Wall of denial” despite incontrovertible evidence of Beijing’s “illicit and protectionist” behaviour.