President Donald Trump on Sunday sought out to reassure Americans that the U.S. will benefit in upcoming trade negotiations that in the past “have been so one sided in favor of China.”
"China and the United States are working well together on trade, but past negotiations have been so one sided in favor of China, for so many years, that it is hard for them to make a deal that benefits both countries," he tweeted.
U.S. officials are preparing for talks in Washington with China’s top trade official Liu He to resolve an escalating trade dispute between the world’s two largest economies. Both administrations have proposed tens of billions of dollars in tariffs in recent weeks, but Trump on Sunday said he would help Chinese technology company ZTE Corp “get back into business fast” after being crippled by a U.S. ban.
ZTE, one of the world’s largest telecom equipment makers, was forced to suspend its main operations after the U.S. Commerce Department banned American companies from selling to the firm for seven years. The move by the U.S. was punishment for ZTE breaking an agreement reached after it was caught illegally shipping U.S. goods to Iran.
Trump in his tweet also said the U.S. and China have a positive trade relationship despite previous unfair deals, and that everything would “work out.”
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