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Trump on China Trade Talks and Mexico Immigration Deal

Dan Exports/Imports, Industry News Release, Labor and Immigration, Trade

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(NAFB) President Trump says in a hopeful sign for renewed trade talks with China, that he expects to meet with President Xi Jinping on the sidelines of a G20 summit in Japan later this month. Trump, speaking to reporters in the Oval Office during a meeting with Poland’s president, now says he plans to meet with China’s Xi Jinping this month at the G20 summit in Japan, a positive sign for resuming and completing the stalled trade deal with China.

“We expect to have a meeting with President Xi…we’re doing very well with respect to China…we’re taking in billions and billions of dollars, which we never took in before…the tariffs have been very strong, we have 25-percent of 250-billion dollars.  I have a feeling that we’re going to make a deal with China, because I really don’t believe that China wants to continue the problem that they really caused themselves.”

The President says the stalled deal was “mostly done” when China backed out on things they’d already agreed to, adding he’s ready to tariff the remaining $325 billion in China’s goods if they don’t make a deal.

And Trump says Mexico must also make good on its word to beef up steps to combat illegal immigration to the US from Central America.

“If Mexico does a great job, then you’re not going to have very many people coming up…if they don’t then we have phase two.  Phase two is very tough, but I think they’re going to do a good job.”

Part of a one-page deal with Mexico that Trump waved before reporters outside the White House Tuesday, was captured on film and blown up by a Washington Post reporter. A paragraph said Mexico has 45-days to take strong action against migrant traffic. Trump suspended threatened five percent monthly tariffs for at least five months, upon the deal that could have ended hopes for ratifying the U.S.-Mexico-Canada Agreement worth an estimated $2.2 billion in new US farm trade, alone.

Source: National Association of Farm Broadcasters