Trump: Trade deal with China just in the event that it is beneficial for US

Washington, Mar 9 Amidst reports of negotiations for a deal with china hitting a bump, President Donald Trump has said that he will go into an economic accord with Beijing just in the event that he is sure that it is useful for the US.

Be that as it may, he additionally told columnists at the White House on Friday that he is sure of going into an economic agreement with China.

The world's two biggest economies are secured in a trade war since Trump imposed heavy tariffs on imported steel and aluminium items from China in March a year ago, a move that started fears of a worldwide trade war.

Trump imposed tariff hikes of up to 25 percent on USD 250 billion of Chinese goods. Accordingly, China, the world's second biggest economy after the US, forced blow for blow taxes on USD 110 billion of American products.

Top trade officials from America and China are holding converses to negotiate a complete economic agreement.

"I am confident. But if we don't make a very good deal for our nation, I wouldn't make an arrangement," Trump told reporters. "If this is definitely not a lot, I won't make a deal."

In the absence of a trade deal, Trump has compromised to impose additional tariffs on import of Chinese items into the US.

A month ago the US President had said that he and his Chinese partner Xi Jinping are intending to meet at his Florida resort in Mar-a-Lago to give a last shape to the economic alliance, which is being consulted between the two nations for past several months now.

In any case, after the breakdown of the North Korea summit in Vietnam where Trump left his gathering with Chairman Kim Jong-Un, the US president has not spoken about it.

Taken aback by Trump's choice to leave the summit with North Korean in Hanoi, China presently needs the summit as a minor mark service and conclude everything before that.

As per The Wall Street Journal give an account of Friday, a US-China exchange accord is confronting another barrier, as Chinese authorities dismiss focusing on a presidential summit until the two nations have a firm arrangement close by.

"What Chinese priest needs to state, 'Truly, Xi Jinping. Go to the US for a visit, which isn't a state visit, and expectation that Trump doesn't humiliate you'" Evan Medeiros, a Georgetown University scholar who was a senior China adviser to President Barack Obama was cited as saying by The Wall Street Journal.

Republican Senator Marco Rubio on Friday questioned ongoing reports that China will end the constrained exchange of innovation and start permitting "completely remote claimed endeavors in more fields" as an approach to bait back foreign investors.

"For a considerable length of time, China tricked the world into supposing they would be a mindful worldwide accomplice. We should not give them a chance to trick us into deduction this new 'law' is something besides a gleaming article that will do nothing to stop Chinese state-coordinated performers' proceeded with ambush on US organizations' licensed innovation and competitive innovations," Rubio said.

The Trump Administration should keep on holding their influence and increment weight on China to verify a solid, enforceable deal, he declared.

"We can't bear to squander this chance and risk losing this century's most vital, key, monetary, and geopolitical competition. China must not be permitted to seek after approaches that run straightforwardly counter to America's national intrigue and their global duties without looking due outcomes," Rubio said.