Trump sees no deadline for China deal, prefers it post-election

The law "doesn't make it better, but we'll see what happens", Trump said before departing for the London NATO summit.

Trump commented on China during a meeting with Canadian Prime Minister Justin Trudeau.

Commerce Secretary Wilbur Ross underlined the wider threat the decision poses in a Fox Business interview.

"The reality is the bill was going to be enacted anyway because they had a veto-proof majority in Congress".

"That's a trend that is going to continue, especially as long as there's the trade uncertainty", Ross said.

Completion of a phase-one deal between the world's two biggest economies had been initially expected in November, ahead of a mid-December round of USA tariffs covering about $156 billion of Chinese imports.

Beijing has callled on the roll back tariffs on all Chinese goods as part of a partial trade agreement, something Trump has said he won't do.

The House on Tuesday publicly released a new report accusing President Donald Trump of soliciting Ukraine to interfere in the 2020 election. The Dow Jones Industrial Average ended at 27,502.81, down one per cent.

But Trump dismissed the stock market dip, noting that it was "peanuts" compared to the overall skyrocketing market since he was first elected president.

"I like the idea of waiting until after the election for the China deal". I'm not going to make a deal that's not going to be great for our country. They have been counting on a deal to scuttle new import levies Trump is set to impose on $160 billion of Chinese goods on December 15 - and they have been betting the president would see it through in part to put the market on sounder footing heading into his re-election campaign.

"But if the stock market goes up and down, I don't watch the stock market, I watch jobs", Trump said, contradicting the numerous tweets he has sent out when stock markets have set new highs.

"That's not a big deal, we can very well live without the port of Hong Kong", he said.



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