Speaking in Tokyo Monday, Trump said of China, “they would like to make a deal. We’re not ready to make a deal.” He added, “We’re taking in tens of millions of dollars of tariffs and that number could go up very, very substantially, very easily.”
Still, Trump predicted a “very good deal with China sometime into the future because I don’t believe that China can continue to pay these really hundreds of billions of dollars in tariffs.”
The world’s two largest economies are in a tense standoff over trade. Trump has said he expected to meet with his Chinese counterpart, Xi Jinping, next month at a G-20 meeting in Japan.