UPDATED 7:10 PM PT — Wednesday, November 20, 2019
President Trump is saying China is not stepping up as trade negotiations get increasingly complicated and a Phase One deal is further delayed. On Wednesday, trade officials close to the White House said that a partial deal could get pushed back to next year.
China is reportedly pushing for an extensive tariff rollback while the U.S. is demanding a deal that addresses intellectual property and technology transfer issues. While touring an Apple assembly plant in Austin, Texas, the president said he will not sign an inadequate deal.
“China would much rather make a trade deal than I would,” stated President Trump. “I haven’t wanted to do it yet…because I don’t think they’re stepping up to the level that I want.”
Speaking during a cabinet meeting on Tuesday, the president said he’s considering raising tariffs on China if they can’t make a deal. Another round of tariffs is set to go into effect December 15th.
The Trump administration had originally planned to sign the deal at the APEC Summit in Chile this month, but that event was canceled amid violent protests in the capital city. Talks have since hit a snag as Beijing pushes for a full tariff rollback from the U.S.
Chinese media has since reported that although Beijing wants a deal, they are pessimistic it will get done.