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Trump says US not ready for China trade deal

Speaking in Tokyo on Monday, Trump said of China, "they would like to make a deal. We're not ready to make a deal."

Donald Trump
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Published : May 27, 2019, 4:45 PM IST

Tokyo: President Donald Trump says the US isn't ready to make a trade deal with China, but he's leaving open the possibility that the two nations could strike an agreement someday.

Speaking in Tokyo on Monday, Trump said of China, "they would like to make a deal. We're not ready to make a deal."

Trump says US not ready for China trade deal

He added, "We're taking in tens of millions of dollars of tariffs and that number could go up very, very substantially, very easily."

Still, Trump predicted a "very good deal with China sometime into the future because I don't believe that China can continue to pay these really hundreds of billions of dollars in tariffs."

Read more:NITI Aayog vice-chairman stresses for revamp of Indian statistical system

The world's two largest economies are in a tense standoff over trade. Trump has said he expected to meet with his Chinese counterpart, Xi Jinping, next month at a G-20 meeting in Japan.

Trump said he knows that his advisers think that North Korea violated UN Security Council resolutions when it fired off short-range missiles earlier this month.

But Trump said he sees it differently — and that it doesn't matter anyway.

Trump said perhaps North Korean leader Kim Jong Un was trying to get attention with the tests.

Trump spoke on Monday in Tokyo alongside Japanese Prime Minister Shinzo Abe, who also believes North Korea's recent tests violated UN resolutions.

Tokyo: President Donald Trump says the US isn't ready to make a trade deal with China, but he's leaving open the possibility that the two nations could strike an agreement someday.

Speaking in Tokyo on Monday, Trump said of China, "they would like to make a deal. We're not ready to make a deal."

Trump says US not ready for China trade deal

He added, "We're taking in tens of millions of dollars of tariffs and that number could go up very, very substantially, very easily."

Still, Trump predicted a "very good deal with China sometime into the future because I don't believe that China can continue to pay these really hundreds of billions of dollars in tariffs."

Read more:NITI Aayog vice-chairman stresses for revamp of Indian statistical system

The world's two largest economies are in a tense standoff over trade. Trump has said he expected to meet with his Chinese counterpart, Xi Jinping, next month at a G-20 meeting in Japan.

Trump said he knows that his advisers think that North Korea violated UN Security Council resolutions when it fired off short-range missiles earlier this month.

But Trump said he sees it differently — and that it doesn't matter anyway.

Trump said perhaps North Korean leader Kim Jong Un was trying to get attention with the tests.

Trump spoke on Monday in Tokyo alongside Japanese Prime Minister Shinzo Abe, who also believes North Korea's recent tests violated UN resolutions.

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Sensex, Nifty hit record highs as rally continues on Modi's return
          Mumbai, May 27 (PTI) Domestic equity benchmarks BSE Sensex and NSE Nifty Monday closed at another record highs as investors continued to cheer the decisive mandate for the Narendra Modi's BJP in the national election.
          After rallying nearly 400 points, the 30-share index ended 248.57 points, or 0.63 per cent, higher at 39,683.29 -- its all-time closing high. The gauge hit an intra-day high of 39,821.94 and a low of 39,353.16.
          Likewise, the broader NSE Nifty jumped 80.65 points, or 0.68 per cent, to 11,924.75 -- a closing peak for the index. During the day, the bourse hit a high of 11,957.15 and a low of 11,812.40.
          Tata Steel was the biggest gainer in the Sensex pack, rallying 5.78 per cent; followed by Yes Bank, NTPC, L&T, Axis Bank, SBI, M&M, HDFC twins, Vedanta, HUL, PowerGrid, ICICI Bank, Kotak Bank, HCL, TCS and ITC, gaining up to 3.79 per cent.
          On the other hand, IndusInd Bank, RIL, Asian Paints, Bharti Airtel, ONGC, Maruti, Bajaj Auto, Tata Motors, Bajaj Finance, Coal India, Hero MotoCorp, Sun Pharma and Infosys ended in the red, shedding up to 2.37 per cent.
          The broader BSE midcap and smallcap indices outperformed benchmarks, ending up to 1.77 per cent higher.
          According to experts, the market is witnessing a board-based rally expecting better outlook for the economy in the next one to two quarters, experts said.
          Domestic and foreign investors have been euphoric ever since Modi-led NDA registered a thumping victory in the Lok Sabha polls.
          Foreign institutional investors bought equity worth Rs 2,026.33 crore on Friday, while domestic institutional investors sold shares to the tune of Rs 195.35 crore, provisional data available with stock exchanges showed.
          Meanwhile, the Indian rupee depreciated marginally to 69.59 against the US dollar.
          Brent crude, the global benchmark, was trading at 67.50 per barrel, higher by 0.04 per cent.
          Globally, bourses in Asia ended on a mixed note, while those in Europe were trading in the green in their respective early deals. PTI
ANS
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