TRUMP DEFENDS AGGRESSIVE TRADE POLICY

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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