Washington: US President Donald Trump has said that China is rooting for a Democrat to win the 2020 presidential election in a bid to reach a trade deal with the US. Also Read - G7 Summit 2021: Leaders Pledge to Deliver on Vaccines, Climate; Call Out China on Right Abuses | 10 Points
Trump took to Twitter and accused China of looting the US of “hundreds of billions” of dollars. Also Read - 12 Dead, Over 100 Injured in Massive Gas Explosion in China; Rescue Ops Underway
“China wants to make a deal so badly. Thousands of companies are leaving because of the Tariffs, they must stem the flow. At the same time China may be hoping for a Democrat to win so they could continue the great ripoff of America & the theft of hundreds of Billions of $’s,” Trump tweeted. Also Read - G7 Summit Updates: PM Modi to Address 2 Crucial Sessions Tomorrow
His statement came a day after he said that the US was not ready to make a trade agreement with China.
“We’re talking with China. We’re not ready to make a deal, but we’ll see what happens,” Trump told reporters on Friday.
Trade tensions between Washington and Beijing are rooted in Washington’s unhappiness over China’s massive trade surpluses with the US, Efe news reported.
In 2018, the US posted a trade deficit of $419 billion with China due, largely, to the fact that American exports to Asia’s largest economy totalled just $120 billion, while US imports from China reached $540 billion.
During the first five months of 2019, the US trade deficit with China was $137 billion.