President Donald Trump on Thursday denied a recent report in The Wall Street Journal which claimed that his administration has reached out to China to begin new trade talks.
"The Wall Street Journal has it wrong, we are under no pressure to make a deal with China, they are under pressure to make a deal with us," Trump wrote on Twitter Thursday morning. “Our markets are surging, theirs are collapsing. We will soon be taking in Billions in Tariffs & making products at home. If we meet, we meet?"
The newspaper reported Wednesday that Treasury Secretary Steven Mnuchin had extended the offer to Chinese officials, though a spokesperson for Mnuchin declined to comment. This was confirmed by White House National Economic Council Director Larry Kudlow on Fox Business Network on Wednesday.
The Journal also wrote that the move "follows a steady rise in political pressure on President Trump to ease up on trade fights — which have pinched consumers and prompted painful retaliation against U.S. exports — ahead of November elections in which his Republican Party risks losing congressional control."
"Well, it’s just an invitation, as far as I know," Kudlow said. "There’s some discussions and information that we received that the Chinese Government — the top of the Chinese Government wished to pursue talks."
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