China trade deal likely; automakers can avoid tariffs with US plants

Trump says trade agreement with China 'will probably happen'

Trump says trade agreement with China 'will probably happen'

"They have BMW, they have Mercedes, they have a lot of very good cars that come in", he said in an interview with Fox Business Network's Maria Bartiromo airing Friday.

On China, Trump said in the interview that talks are going well even amid signs that progress is slowing and said he plans to stay the course on other trade talks. "They'll build their plants in the United States and they have no tariffs", Trump added. "I think they need it very badly".

Asked about his remarks earlier this week about USA tariffs on Chinese goods staying in place for a period of time and whether that meant there was a snag in the negotiations, Trump said, "No, not at all".

"China resolutely opposes United States arms sales to Taiwan, and this position remains consistent and firm", Chinese Foreign Ministry spokesman Geng Shuang told reporters on Friday, after Bloomberg reported that Donald Trump was contemplating selling more than 60 F-16 units to Taipei. "We get a 25 percent tariff on that segment - that's our best segment by far". Then, asked if he would agree to zero tariffs, he said: "I would do it for certain products, but I wouldn't do it for cars".

Trump answered "well, no" after he was asked whether foreign vehicles represent a national security threat to the USA - the subject of a Commerce Department study Trump ordered a year ago. But Derek Scissors, a resident scholar at the American Enterprise Institute, said he has seen a copy and that it concludes auto imports threaten national security by worsening the trade deficit.

"What poses a national security risk is our balance sheet. Otherwise you don't have national security".

Separately, Trump also told Fox that if US lawmakers do not pass his new deal to supersede the North American Free Trade Agreement trade agreement with Mexico and Canada, he might "go pre-NAFTA" but gave no other details.

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