WASHINGTON: US President Donald Trump said on Thursday that he would love to get a deal with China to end an escalating trade war.
Trump made the comments during a Cabinet meeting opened to press. US Treasury Secretary Scott Bessent said during the meeting that as they settle deals with countries, it will bring more certainty on trade policy.
Trump said: “Would love to get deal with China.”
Speaking on the potential of ongoing talks, he said, “Think we will end up working out something good for both countries.”
Trump also commented on the war in Ukraine, stating that progress was being made toward ending the conflict. “… We’re making progress on getting Russia-Ukraine war stopped,” he added.
Addressing the financial side of his policies, Trump suggested that revenue generated from tariffs could be directed toward paying down the national debt. “Would use money from tariffs to pay down debt,” he said.
In his remarks on European Union trade, Trump noted that he was considering approaching the EU as a unified block when discussing tariffs. “Looking at EU as one block on tariffs,” he remarked.
Trump’s comments come at a time of heightened focus on US trade policies and his potential influence on international relations if he were to return to the presidency.
This is a developing story and is being updated with more details.