Trade deal with China only if it is good for US: Donald Trump

The world's two largest economies are locked in a trade war since Trump imposed heavy tariffs on imported steel and aluminium items from China in March last year, a move that sparked fears of a global trade war.

Amidst reports of negotiations for a deal with china hitting a bump, President Donald Trump has said that he will enter into a trade deal with Beijing only if he is confident that it is good for the US.

But he also told reporters at the White House on Friday that he is confident of entering into a trade deal with China.

The world’s two largest economies are locked in a trade war since Trump imposed heavy tariffs on imported steel and aluminium items from China in March last year, a move that sparked fears of a global trade war.

Trump imposed tariff hikes of up to 25 per cent on USD 250 billion of Chinese goods. In response, China, the world’s second largest economy after the US, imposed tit-for-tat tariffs on USD 110 billion of American goods.