Trump: China trade deal might have to wait for 2020 election
(VOVWORLD) - US President Donald Trump said a trade agreement with China might have to wait until after the US presidential election in November 2020, denting hopes of a quick resolution to the dispute which has weighed on the world economy.
 US President Donald Trump and Chinese President Xi Jinping. (Photo: investing.com) |
Trump told reporters in London where he was due to attend a meeting of NATO leaders that he has no deadline for the trade deal. European share prices and the Chinese yuan currency fell on Trump’s comments.
Investors have been hoping that the United States and China can avert an escalation of their trade tensions which have slowed global economic growth. Washington and Beijing have yet to ink a so-called “phase one” agreement announced in October, which had raised hopes of a de-escalation in their prolonged trade war.