The Chinese government has repeatedly rejected Trump’s claims that tariffs are causing an exodus of businesses from China.
Donald Trump has insisted that China “badly” wants a trade deal even though talks in Beijing turned to the prospect of a protracted and wider confrontation.
Despite Trump’s latest Twitter comments, the prospects for a deal between the two sides appeared to have dimmed last week after Washington officially labelled China as a currency manipulator last week, following Beijing’s decision to let the yuan exchange rate to weaken beyond the symbolic level of seven yuan to the dollar.
The Chinese government has repeatedly rejected Trump’s claims that tariffs are causing an exodus of businesses from China and has also dismissed his accusations that China is ripping off or stealing from the US. Huang Yiping, an economics professor at Peking University, told the event in Heilongjiang province that China should stick to its own agenda and must not allow Trump’s trade war to “disrupt our progress”.
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