Trump: America is not yet ready to conclude a trade agreement with China
US President Donald Trump said on Wednesday that the United States was not yet ready to reach an agreement on trade disputes with China, but added that the talks would continue.
The world's two largest economies impose customs duties on goods worth $ 50 billion from the other side in a reciprocal trade war, and Trump is considering imposing tariffs on additional Chinese imports worth $ 200 billion.
"We have done well in the negotiations with China, but we are not ready to conclude the agreement they are looking forward to," Trump told reporters at the White House, without elaborating.
"We will continue to talk to China, and I have great respect for (Chinese) President (Xi) Jinping," he said.
Washington is demanding Beijing to improve the opening of its markets, protect intellectual property rights of US firms, halt industrial subsidies and reduce a US trade surplus of 375 billion dollars.
China accuses Trump of using hard-line tactics and calling for more talks.