“China would love to make a deal with us. We had a deal and they broke the deal. I think if they had it to do again they wouldn’t have done what they did,” Trump told reporters as he left the White House to deliver a commencement speech at the U.S. Air Force Academy in Colorado.
“China is subsidizing products, so the United States taxpayers are paying for very little of it,” Trump said, noting the tariffs had little impact on inflation.
“I think we’re doing very well with China.”
Trade tensions between Washington and Beijing escalated sharply earlier this month after the Trump administration accused China of having “reneged” on its previous promises to make structural changes to its economic practices.
Washington later imposed additional tariffs of up to 25 percent on $200 billion of Chinese goods, prompting Beijing to retaliate.
China said on May 13 it would adjust tariffs on a revised target list of $60 billion worth of U.S. imports, with additional rates of 20 to 25 percent.
Treasury Secretary Steven Mnuchin has said he likely will travel to Beijing “in the near future” to continue negotiations.
By Steve Holland