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US-China trade war
China

Trump says China ‘not stepping up’ in trade talks making him reluctant to strike deal

  • US president ‘looking at’ exempting Apple from China tariffs, he says during tour of computer manufacturing facility
  • Wall Street retreats further from record highs as pessimism mounts over likelihood of agreement to end trade war

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US President Donald Trump speaks during a tour of the Flextronics computer manufacturing facility where Apple's Mac Pros are assembled in Austin, Texas, on Wednesday. Photo: AFP
Agence France-Presse
US President Donald Trump said on Wednesday that Beijing so far has not made sufficient concessions in trade talks, making him reluctant to conclude a bargain.
“I can tell you this. China would much rather make a trade deal than I would,” he told reporters while touring a manufacturing facility that produces computer for Apple.

“I don’t think they’re stepping up to the level that I want.”

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Wall Street retreated further from record highs on Wednesday as pessimism mounted among investors about the chances for a deal to bring an end to the lingering trade dispute.

Trump on October 11 announced a “phase one” deal resolving important US grievances about Chinese trade and currency practices.

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