U.S. President Donald Trump delivered a stinging rebuke to China’s trade practices on Tuesday at the United Nations General Assembly, saying he would not accept a “bad deal” in U.S.-China trade negotiations.
Four days after deputy U.S. and Chinese negotiators held inconclusive talks in Washington, Trump’s remarks were anything but conciliatory and emphasized the need to correct structural economic abuses at the heart of the countries’ nearly 15-month trade war.
He said Beijing had failed to keep promises that it made when China joined the World Trade Organization in 2001 and was engaging in predatory practices that had cost millions of jobs in the United States and other countries.
“Not only has China declined to adopt promised reforms, it has embraced an economic model dependent on massive market barriers, heavy state subsidies, currency manipulation, product dumping forced technology transfers and the theft of intellectual property and also trade secrets on a grand scale,” Trump said.
“As far as America is concerned, those days are over.”
Although Trump held out hope that the United States and China could still reach a trade deal, he made clear he wanted a deal that would rebalance the relationship between the two economic superpowers.
“The American people are absolutely committed to restoring balance in our relationship with China. Hopefully we can reach an agreement that will be beneficial for both countries,” Trump said. “As I have made very clear, I will not accept a bad deal.”
Trump has also recently said that he was not interested in a “partial deal” to ease tensions with China, saying that he would hold out for a “complete deal.”
People familiar with the talks said that no new Chinese proposals were presented last week, but both sides characterized the talks as “productive” and said minister-level talks would take place in early October.
The U.S. president added that his administration was “carefully monitoring” the way China handles the crisis in Hong Kong.
“The world fully expects that the Chinese government will honor its binding treaty... (and) protect Hong Kong’s freedom and legal system and democratic ways of life.”
On Afghanistan, the president said, "America’s goal is not go to with these endless wars, wars that never end."
Saying the U.S. was "pursuing hope of a brighter future in Afghanistan" he said, "We will never stop working to make peace a reality."
With regard to the immigration issue in the United States that he has made a domestic political priority, the president said, "As long as I am president of the United States ... we will enforce our law and protect our borders."