Washington sources have reported that China is "very spoiled" by trade wins over America, US President Donald Trump said late Friday, as a top business delegation headed back to America after high-stakes talks with Beijing. Accordingly the two days of talks were aimed at forestalling momentum towards a looming conflict between the world's two largest economies, with both sides prepared to pull the trigger on tariffs that could affect trade in billions of dollars of goods.
Trump wrote in a tweet that “They will be meeting tomorrow to determine the results, but it is hard for China in that they have become very spoiled with US trade wins”. Meanwhile the American president has accused China of unfair trade practices that have driven up the US goods deficit with the Asian giant. Moreover Washington has also alleged "theft" of American intellectual property by China.
Furthermore
the discussions promised a potential off-ramp for the trade conflict. Recently Trump
has threatened to levy new tariffs on USD 150 billion of Chinese imports while
Beijing shot back with a list of USD 50 billion in targeted US goods. China
said in a statement released by the official Xinhua state news agency that
"Both sides recognize there are still big differences on some issues and
that they need to continue to step up their work to make progress”.
