
Washington: President Donald Trump has blamed the "poor" American leadership of the
past which "allowed" China to take advantage of the United States.
Updating
his Cabinet colleagues on trade negotiations, Trump yesterday said the
NAFTA (North American Free Trade Agreement) deal, currently being
renegotiated with Canada and Mexico, was a horrible one.
"China
has been taking advantage of the US for many years; really, if you look
at it, since the start of the World Trade Organization. And they have
really done a number on this country," Trump said during the meeting at
the White House.
"And I don't blame China. I blame the people
running our country. I blame presidents. I blame representatives. I
blame negotiators. We should have been able to do what they did. We
didn't do it; they did. And it's the most lopsided set of trade rules,
regulations that anybody's ever seen," he said.
Despite the
growing fears about a potential trade war between the US and China,
triggered by Trump's warning of tariffs on an additional USD 100 billion
worth of Chinese imports, the US president claimed to be on good terms
with Xi Jinping.
"I think we will maintain that relationship. I'm
very good friends with President Xi. I have great respect for President
Xi. And as you know, I spent two days in China, the president spent two
days with us at Mar-a-Lago in Florida, and they were four great days,"
he said.
Trump said the US was strongly renegotiating NAFTA and was close to a "right deal".
"We
will see what happens. But the US is strongly renegotiating NAFTA.
We're fairly close on NAFTA. And if we don't make the right deal, we
will terminate NAFTA, and we will make the right deal after that. But we
have a chance to make a deal on NAFTA," he said.
Trump said the US had similar "bad deals" with South Korea and the EU.
"If
you look at the European Union, they have tremendous barriers -- trade
barriers. We essentially have bad deals with everyone," he said.
"Were
close to finishing a deal with South Korea, which was a horrible deal.
It was going to give us 200,000 jobs. Well, that didn't exactly happen.
It gave them 200,000 jobs," he said, adding that the US had made a
"tremendous progress" in that respect.
Noting that the North
Korea and South Korea situation complicated it, Trump said the deal that
the US was going to have with South Korea was going to be "a very fair
deal".
"We want a fair deal, and we don't have fair deals," he said.
White
House Press Secretary Sarah Sanders told reporters yesterday that Trump
has worked with his team to determine how best to respond to China's
attack on American farmers.
"The president has asked the
Department of Agriculture to protect farmers, and will present a plan on
the specifics of that shortly," said Sanders.
In an op-ed in
Financial Times, Trump's Director of Trade and Industrial Policy, Peter
Navarro, said the Trump wanted a global trading system free of the
imbalances and unfair practices that now hold growth back, not just in
the US but around the world.
Navarro said Trump had given China "every opportunity" to end its unfair trade practices, "which" has only grown".
The US trade deficit in goods with China has grew from USD 347 billion in 2016 to USD 375 billion.
While the trade deficit balloons, China continues to steal US
intellectual property and force American companies operating there to
surrender their leading edge technologies in exchange for access to the
Chinese market," Navarro said.
Navarro alleged that China's
reaction to Trump's "legitimate" defence of the American homeland had
been "a Great Wall of denial" despite incontrovertible evidence of
Beijing's "illicit and protectionist" behaviour.
"Instead, China
is attacking American farmers with the threat of retaliatory tariffs in
the apparent hope of rattling a key component of the coalition that put
Mr Trump in office," said Navarro.
PTI