The president is running for reelection with a major unfulfilled campaign promise — a trade deal with China
OSAKA, Japan — President Donald Trump departed a gathering of world leaders Saturday without striking his long-sought trade deal with China, leaving him with a major unfulfilled campaign promise just as he revs up his reelection bid.that had broken down several weeks ago with Trump pushing off another round of tariffs on $300 billion on Chinese imports.
At a rally kicking off his reelection campaign in Florida earlier this month, Trump, a businessman who prides himself on making shrewd deals, tried to put a positive spin on his failure to secure a deal with China. Most of the attention, however, was on trade. Trump and Chinese President Xi Jinping and their top aides talked for more than an hour at a meeting closely watched by foreign leaders and business executives worried that the trade impasse will continue to hurt the global economy.
Trump had already hit China with two rounds of tariffs after unsuccessfully pushing Beijing to change longstanding trade practices that he deems unfair. China retaliated with its own set of tariffs. “There hasn't been enough preparation for there to be a really detailed trade deal between China and the United States,” he said.
“Exporters are suffering from the retaliatory tariffs from China,” Matthew Goodman, who served as director for international economics on the National Security Council staff and is now senior adviser for Asian economics at the Center for Strategic and International Studies.
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