In an interview with Fox & Friends, President Donald Trump said that he is having a hard time with China. He further noted that he made a great trade deal months before this whole thing happened. US President has not made up his mind yet as to how to handle international trade relationships, following a phone call between top trade representatives of the two nations.
Trump had earlier threatened to put sanctions over China.
President Donald Trump had earlier threatened to put sanctions over China for its handling of coronavirus pandemic. But the president did not make such comments on Friday during the interview. However, Trump’s remarks contradicted with statements from Chinese and US officials earlier in the day. Trump’s comments came after a phone call among the country’s top trade negotiators, Chinese Vice Premier Liu He, and US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. According to a statement from the Chinese Ministry of Commerce, both parties pledged to create agreeable conditions for the implementation of the bilateral trade deal and also cooperate on the economy and public health sector.
Trump is not surprised by the high unemployment rate.
The unemployment rate in the United States has reached a post World War two high of 14.7%. US President called the 20.5 million jobs lost in the last month “no surprise” and said it was fully expected. The president has said the US economy would transition in the third quarter and rebound quickly afterward. He asserted that those all lost jobs would be back. In a meeting with lawmakers at the White House, the president said he would support a payroll tax cut or a capital gains tax cut to boost the economy. However, Democrat House Speaker Nancy Pelosi dismissed both ideas.
Currently, there are over 1.3 million positive COVID 19 cases in the United States, and over 78,000 people have died in the pandemic.