Trump says China deal will open up Chinese market for US businesses

president Donald Trump said on Monday that his administration reached an agreement with China to temporarily reduce the tariffs while the two sides are negotiating a final agreement, the president says it will open the Chinese market for American companies.

“The biggest thing we discuss is openness to China, and they have agreed to do so, but it will take some time for his paper, as you know, this is not the easiest thing in paper,” Trump said, noting that it will take time to end an official version of the agreement.

“I think it would be great for our business if we can enter, compete and compete with China,” Trump said. “It will be a lot of jobs in China, and I think it is at a time when they can use jobs frankly, and this is what we are talking about.”

He went on to explain that pushing his administration to further reach the markets in China to American companies is a way to reset the trade balance between the two countries, including by removing the non -transmitted barriers to trade.

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“We have opened our country to China, we have very few restrictions, and they did not open their country for us. It was never logical. This is not justice. They agreed to open China – completely open China. I think it would be great for China, and I think it would be great for us, and I think it will be great for monotheism and peace.”

“China will also suspend all its non -critical barriers. They have agreed to do so … it’s very numerous,” he added.

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Definitions are taxes on imported goods paid by American importers, who usually pass higher costs for consumers through high prices. (Photographer: Michael Nagli / Bloomberg via Getti Emoxz / Getty Erch)

The president said that the “mutual” definitions that were revealed in the White House in the so -called liberation day celebrations on April 2 will be dropped from 125 % to 10 %, which reduces the total definitions of Chinese imports from 145 % to 30 % for a period of 90 days, while China reduces 125 % to 10 %.

“Yesterday, we achieved a complete reset with China,” Trump said.

“This does not include the definitions that are already on our tariff, and the customs tariffs do not include cars, steel, aluminum, things like this or the customs tariff that may be imposed on medicines because we want to return pharmaceutical companies to the United States,” he said.

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Chinese President Xi Jinping and President Donald Trump are working on a final trade agreement. (Brendan Smialowski/AFP/Getty Images/Getty Images)

Trump went on to describe commercial negotiations as “very friendly” and describes the relationship with China, saying that the deal will help strengthen the country’s economy.

“The relationship is very good,” Trump said. “

The President also pointed to China’s failure to comply with the commercial deal, the “first stage” that it reached with the Chinese government during his first term in his post.

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Treasury Secretary Scott Bessin said late last month in his appearance on “Kudlow” to Fox Business that the United States should take into account that it has not adhered to the first stage deal.