America Asia Business

President Donald Trump has defended his aggressive trade policy, insisting China should pay billions of dollars in punitive duties to the US. In a series of Tweets, Trump said the US is “right where it wants to be with China.” He said Beijing “broke the deal with Washington” and then sought to re-negotiate.

Trump’s comments came after his economic advisor Larry Kudlow warned that both sides would suffer.

In an interview, Kudlow said China will be hit by a loss of economic growth and a diminishing export market.

He said no new US-China trade talks have been scheduled, but Trump could meet China’s President Xi Jinping next month.

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Indus News
Indus News is a Pakistani English news channel and part of Aap Media Network. Indus News, aims to present Pakistan’s perspective on issues of regional and global importance through an inside-out view. We believe the viewer receives the greatest benefit from news and analyses in a global-to-local context. In this, we seek to bring to international audiences the complexity often missed in the coverage of this region.

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