25-April-2024
Economy News
 
Donald Trump rules out phase second phase trade deal with China
11-Jul-2020

US President Donald Trump has for the time being ruled out a second phase trade deal with China, saying the relationship between the two countries has been severely damaged with Beijing’s handling of the coronavirus outbreak. ”The relationship with China has been severely damaged. I don’t think about it now,” Trump told reporters on Friday from Air Force One when asked about the trade deal. Earlier in the year, the Trump adminstration had signed a mega phase one deal with China, after intense negotiations between the two countries. Relations between Washington and Beijing have spiralled downward since the outbreak of the novel coronavirus. US President Donald Trump has questioned the Asian powerhouse’s handling of the COVID-19 pandemic.

News Source:- https://www.financialexpress.com/economy/donald-trump-rules-out-phase-second-phase-trade-deal-with-china/2020454/