China wants trade deal badly but it must be right, says Trump

Trump says there has been incorrect reporting about United States willingness to lift tariffs.

"I'd like to make a deal but it's got to be the right deal", Trump added, saying that the US Treasury was collecting tens of billions of dollars in tariffs from the Chinese.

Speaking at Joint Base Andrews before leaving for a visit to Tuscaloosa, Alabama, on Saturday, the US President Trump offers some comments on the much-awaited US-China trade deal.

Speaking to reporters at Joint Base Andrews, Trump also said there had been incorrect reporting about USA willingness to lift tariffs, which he said had brought in tens of billions of dollars and would soon bring in "literally hundreds of billions of dollars".

At the same time, Trump boasted that "our stock market has just broken another record, as you see, our economy is doing phenomenally well, our jobs numbers just broke yet another record - they're higher than ever before".

"There is no agreement to rollback any existing tariffs as part of the Phase One deal", he said, nothing that it was never on the table when they met and had a handshake deal in October. "I'd like to make a deal, but it's got to be the right deal". "Their supply chain is all broken, like an egg, they want to make a deal, perhaps they have to make a deal, I don't know, I don't care, that's up to them". He did not elaborate. Kudlow on Thursday said "if there's a phase one trade deal, there are going to be tariff agreements and concessions". "I haven't agreed to anything", he told reporters then.

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