The US President Donald Trump said to the reporters late on Friday that he was not currently thinking about extending the “Phase 1” US-China trade deal signed off on January 15th this year adding that the relationship between the nations had been severely damaged.
In point of fact, latest remarks from the US President Donald Trump, which would widen the rift further between the world’s first- and second-largest economy and might trigger the possibilities of a “Cold War” over trade as quoted saying by several Wall St.
analysts, came forth as relations between Beijing and Washington and China had been foundered over a flurry of blazing issues over the recent past. In particular, the latest Beijing move over inclining a National Security Law on the China-controlled island city of Hong Kong, which raised questions over the autonomous status of the once-cherished Asia’s largest Financial HubSpot and followed a Trump Administration move to phase out all kinds of special trade privileges for the city, had added to further strains between the nations which have been engaged in a nearly two-year long battle over trade that toiled over trillions of Dollars from the global money markets.
Relationship with China severely plagued, says Trump
Meanwhile, speaking to the reporters aboard Air Force One regarding the possibilities of a Phase Two trade deal with China that followed a Phase One trade deal earlier this year as beforementioned, adding that the US President had many important things on his mind, Trump said, “I don’t think about it now.
The relationship with China has been severely damaged. They could have stopped the plague; they could have stopped it. They didn’t stop it. ” Apart from the imposition of a National Security Law on Hong Kong that would enable Beijing’s intelligence forces to establish holdings in the island city, relations between Beijing and Washington had also soured severely over the origin and containment attempt of the ongoing pandemic outbreak that the US President Donald Trump had repeatedly blamed on China.