Trump says China's Xi is 'extremely hard to make a deal with'

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Brief Summary

This video discusses the complexities of the potential trade deal between the U.S. and China, highlighting President Trump's frustrations and strategies. It also touches on the implications of increased tariffs on steel and aluminum for U.S. allies and businesses.

  • President Trump expresses frustration with China, making a trade deal difficult.
  • The U.S. is keen for a call between Trump and President Xi, but China has not confirmed.
  • Increased tariffs on steel and aluminum are pressuring allies and raising concerns for businesses.

Trump's Frustration with China

President Trump has expressed his frustration with China, stating that making a deal with them is "very tough and extremely hard." This comes after accusing Beijing of violating a previous agreement to roll back tariffs and trade restrictions. Despite the White House suggesting a potential call between Trump and President Xi, Beijing has not confirmed whether such a call has been arranged. The U.S. had previously imposed tariffs of up to 145% on Chinese goods, leading to retaliatory levies from Beijing on American goods.

U.S. Desire for Communication with China

The Trump administration is eager for President Trump and President Xi to speak, but China has not yet agreed to a call. Trump enjoys direct diplomacy and wants to show a win for his trade policy to the American people, particularly regarding the return of critical minerals from China to the U.S. Complimenting Xi is part of Trump's strategy to persuade the Chinese leader to agree to the call. Pressure is mounting on Trump to demonstrate progress in trade negotiations.

Impact of Increased Tariffs on Allies and Businesses

The doubling of tariffs on steel and aluminum is part of a pressure campaign, affecting U.S. allies and their respective industries. This move puts pressure on these countries to offer more concessions to the U.S. government in exchange for trade deals. The increased tariffs also raise concerns for businesses due to higher manufacturing costs, potentially worsening the U.S. economy despite Trump's intentions. Economists suggest that while the steel and aluminum industries may benefit in the short term, businesses relying on these metals will likely raise prices, negatively affecting more people in the long run.

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Transcript

Full transcript of “Trump says China's Xi is 'extremely hard to make a deal with'”. Click a timestamp to open the video at that moment. Need another video? Use the YouTube transcript generator.

0:00 of the likelihood of a quick and easy trade deal between the world's 2 largest economies retreating just a little after U.S.. President Donald Trump expressed frustration with China, the American Eden, a truth. Social posts showed appreciation for Chinese president season but stressed that missus see was quote, very tough and extremely hard to make a deal with the U.S. President. Early accuse Beijing of violating an agreement reached in mid may to roll back tariffs and trade restrictions. The White House this week suggested Mister Trump would speak with the Chinese leader in the coming days, although Beijing has yet to confirm if such a call has been arranged. China has hit by lives up to 145% as part of the Trump administration's tariff rates.

0:46 Beijing retaliated with 125% levy on American goods. Both agreed to temporarily de-escalate last month after the U.S. president delayed most of the sweeping measures slapped on other countries until the 9th of July as well. Kate Fischer joins us live from Washington, DC Kate. What does Mister Trump's assessment of Missus see as a being tough to make a deal with? What could that mean for any phone call that would take place between these 2 entities? I think it is kind of trying to ratchet up the pressure ahead, trying to perhaps

1:33 said, you know, make make the Chinese aware of how important ace Cole is to the U.S.. It does perhaps it perhaps Donald Trump trying to go the Chinese leader in to speaking with him. I think Cent Lee analysts. He all suggesting the speaking to sources within the White House. The Trump administration is becoming increasingly keen for this cool to happen yet. The Chinese still haven't agreed to it. You had the White House press secretary talking about the likelihood of it happening, but we've heard nothing from Beijing to confirm that it is. So clearly I think the Trump administration needs the call that happened. Donald Trump likes to do diplomacy himself. He likes to be

2:19 speaking to people directly and also part of that message. He he complimented. She said he's always liked him again, perhaps trying to persuade the Chinese leader to agree to this call the Senate public. They haven't done yet. You know, pressure is increasing on Donald Trump. He wants those critical minerals coming back from China into the U.S. and he wants to show some kind of win to the American people for his tower of trade policy. All right. A great deal of of this posturing as well as rhetoric on a social media sites. Pot of perhaps Mister Trump's Tech takes in terms of getting the best deal we've seen today taking effect a doubling of tariffs on

3:06 steel and aluminium today. Also coinciding with the deadline for other countries that are not China to give that best offer to avoid reciprocal test that would otherwise be slapped on them. Later, the cooling coincidence of these different deadlines announcements. What effect might that have on Mister Trump deciding on whether or not to grant any reprieve concessions for reciprocal tariffs on these other countries, the out that not China? Yeah, well, he again, it's all part of the kind of pressure campaign. I think, you know, he's doubling up the steel and aluminium tariffs. That's really rankled

3:54 many of the US's allies who have still amount of money industries that all going to be slightly affected by this. It puts pressure on them to try to give more concessions to the U.S. government to try to get some kind of trade deal for that countries. And it's also though, an alarm cool for businesses by increasing taxes on these important materials for for factories and manufacturing. It is going to raise costs of manufacturing in all these countries. And that is a huge concern for businesses. Economists suggest that even though Donald Trump is trying to do this to improve the U.S. economy, in fact, that the result will be too make things worse because although it

4:41 may help the steel and aluminium industry, certainly in the short term, all those businesses that rely on those key metals are going to have to raise their prices long term. It's actually going to affect more people negatively because that businesses that use that than just the still around many ministries themselves. All thanks that Kate Fisher there reporting live from Washington, DC

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