President Trump on Sunday pushed back against criticism of his broad new tariffs as stock markets continued to slide, insisting that he wasn’t hoping to see economic losses.
“When you look at the trade deficit we have with certain countries, with China it’s a trillion dollars,” Trump told reporters aboard Air Force One as he flew back to Washington, D.C., from Florida on Sunday evening.
He stressed that the ongoing trade imbalance with Beijing must be addressed. “And we have to solve our trade deficit with China. … Hundreds of billions of dollars a year we lose with China. And unless we solve that problem, I’m not going to make a deal,” Trump continued.
Describing the situation as untenable, he said plainly, “This is not sustainable.”
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