'US President Donald Trump said on Monday that China will make a deal with the United States “because they’re going to have to.” China has lost trillions of dollars since he was elected president, added Trump.
In a telephone interview broadcast on CNBC Trump said that additional tariffs on Chinese goods will go into effect immediately if China’s President Xi Jinping does not attend the upcoming G20 meeting.
Trump defended his threats to slap tariffs on Mexico and China, which he said put the US “at a tremendous competitive advantage.”
"Had a Democrat gotten in... China would have caught us by the end of her term. They're nowhere close, they'll never catch us," Trump said China has "lost many many trillions of dollars" since he was elected president. https://t.co/owyepKx0hK pic.twitter.com/fMBmH2CrMd
— CNBC (@CNBC) June 10, 2019
“The China deal is going to work out. You know why? Because of tariffs … Right now, China is getting absolutely decimated by companies that are leaving China, going to other countries, including our own, because they don’t want to pay the tariffs.”
China is “going to make a deal because they’re going to have to make a deal,” Trump said.'
Read more: You're coming! Trump threatens China with immediate tariffs if Xi Jinping does not attend G20