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Bloomberg Quint

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Image Credit: Bloomberg Quint

Trump Digs In On Tariffs, Says Deals Hinge On Even Trade Balance

  • President Donald Trump insists on eliminating bilateral trade deficits, particularly with China, and won't make a deal unless it drives down the US trade deficit in goods with China.
  • Trump stated that any deal to trim tariffs with affected nations must lead to the elimination of the US trade deficit.
  • In response to the market selloff caused by the tariffs, Trump asserted that sometimes medicine is necessary to fix something.
  • Trump also expressed his desire to have not only parity in trade with Europe but also reparations.

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