President Donald Trump on Wednesday said the U.S. will likely use a “different structure” when it comes to crafting a trade deal with China.
"Our Trade Deal with China is moving along nicely, but in the end we will probably have to use a different structure in that this will be too hard to get done and to verify results after completion,” Trump wrote in a tweet.
The president told reporters on Tuesday he wasn’t pleased with the way trade talks were going with Beijing, despite announcing the nation agreed to buy “massive amounts” of farm and agricultural products from the U.S.
“We have a long way to go, but I want it to go fairly quickly,” Trump said.
Trade talks with China come as the world’s two largest economies seek to avoid a trade war. Washington and Beijing have threatened to impose tens of billions of dollars’ worth of tariffs on each other’s exports in recent months.
However, tensions have eased lately, as Trump instructed the U.S. Commerce Department earlier this month to help Chinese telecom company ZTE – which suspended its main operations after the administration banned U.S. businesses from providing it with supplies – get “back into business, fast.”
Negotiators from the two nations announced last Saturday they created a framework for addressing trade imbalances, with China agreeing to purchase more American-made goods.
Representatives from both countries also held negotiations earlier this month, with U.S. officials demanding China cuts its trade surplus by $200 billion, lower tariffs and advance technology subsidies.