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US-China Trade War: US Under 'No Presssure' To Strike Deal

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US-China Trade War: US Under 'No Presssure' To Strike Deal

US President Donald Trump has made light of the need to negotiate a trade deal with China, saying it's China, rather than the US, which is "under pressure" to strike a deal. New tariffs on Chinese imports to the US are in the pipeline.

The comments come in the wake of reports the two sides could resume talks to avoid a third round of US tariffs, reports the BBC.

China welcomed the prospect of talks, according to reports.

The US has launched a trade war against China that could see all of its exports to the US subject to duties.

"We are under no pressure to make a deal with China, they are under pressure to make a deal with us," Trump said in a tweet on Thursday.

"Our markets are surging, theirs are collapsing."

The US and China have imposed tariffs on $50 billion of one another's products this year in an escalating trade war between the world's two largest economies.

The tariffs are Trump's latest policy to challenge the free trade system that has existed for decades.

They are already affecting companies, especially the automobile industry, and denting economies, according to the BBC and CNN.

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