Chinese President Xi Jinping (L) and US President Donald Trump © Reuters
The meeting next week with China will be a very difficult one in that we can no longer have massive trade deficits...— Donald J. Trump (@realDonaldTrump) March 30, 2017
Reuters: Trump says trade gap will make China meeting 'a very difficult one'
U.S. President Donald Trump set the tone for a tense first meeting with Chinese President Xi Jinping next week by tweeting on Thursday that the United States could no longer tolerate massive trade deficits and job losses.
The White House said Trump would host Xi next Thursday and Friday at his Mar-a-Lago retreat in Florida. It said Trump and his wife, Melania, would host Xi and his wife, Peng Liyuan, at a dinner next Thursday.
In a tweet on Thursday evening, Trump said the highly anticipated meeting between the leaders of the world's two largest economies, which is also expected to cover differences over North Korea and China's strategic ambitions in the South China Sea, "will be a very difficult one."
"We can no longer have massive trade deficits and job losses," he wrote, adding in apparent reference to U.S. firms manufacturing in China: "American companies must be prepared to look at other alternatives."
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WNU Editor: President Trump is right. China is dependent on having a trade surplus with the U.S. to finance its growth .... and any alteration in this arrangement will have dire consequences on its future plans and on the promises that the government has made to its civilians that in exchange for social peace, they will have jobs and a better standard of living.