Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ News / World/  Trump rules out phase 2 trade deal with China
BackBack

Trump rules out phase 2 trade deal with China

Earlier in the year, the Trump adminstration had signed a mega phase one deal with China, after intense negotiations between the two countries.

News US President Donald Trump. (AP)Premium
News US President Donald Trump. (AP)

US President Donald Trump has for the time being ruled out a second phase trade deal with China, saying the relationship between the two countries has been severely damaged with Beijing's handling of the coronavirus outbreak.

“The relationship with China has been severely damaged. I don't think about it now," Trump told reporters on Friday from Air Force One when asked about the trade deal.

Earlier in the year, the Trump adminstration had signed a mega phase one deal with China, after intense negotiations between the two countries.

Relations between Washington and Beijing have spiralled downward since the outbreak of the novel coronavirus. US President Donald Trump has questioned the Asian powerhouse's handling of the COVID-19 pandemic.

The two countries have also sparred over China imposing a new national security law in Hong Kong, restrictions on American journalists, treatment of Uyghurs Muslims and security measures in Tibet.

“Relationship with China has been severely damaged. They could have stopped the plague, they could have stopped it, (but) they didn't stop it. They stopped it from going into the remaining portions of China from Wuhan province. They could have stopped the plague, they didn't," Trump said.

The coronavirus, which first emerged in China's Wuhan city, has claimed over 1,30,000 lives in the US with 3.1 million confirmed cases. The virus toll in China stands at 4,641 with nearly 85,000 confirmed infections.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 11 Jul 2020, 08:28 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App