President Donald Trump on Wednesday hit back at the notion that he's already given up too much in trade negotiations with China, saying that there's been "no folding" and that real talks between the world's two largest economies “haven’t even started yet!”
Senate Democrats and other critics have questioned the wisdom of Trump's tweet over the weekend saying he was open to easing up on enforcement actions against Chinese telecommunications firm ZTE, saying such a move could harm national security and could be too generous in the context of larger trade negotiations.
But Trump said such an idea was foolish.
“The Washington Post and CNN have typically written false stories about our trade negotiations with China. Nothing has happened with ZTE except as it pertains to the larger trade deal,” Trump tweeted on Wednesday.
The president said that the U.S. “has been losing hundreds of billions of dollars a year” as a result of poor trade policy with China, and that American trade emissaries have already provided Chinese President Xi Jinping’s government with their list of stipulations for a potential trade deal.
“We have not seen China’s demands yet, which should be few in that previous U.S. Administrations have done so poorly in negotiating,” Trump tweeted. “China has seen our demands. There has been no folding as the media would love people to believe.”
He added, "The U.S. has very little to give, because it has given so much over the years. China has much to give!"