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Trump warns China not to wait for 2020 U.S. election to make trade deal

Trump warns China not to wait for 2020 U.S. election to make trade deal
FILE PHOTO: Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. REUTERS/Aly Song -
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ALY SONG(Reuters)
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WASHINGTON (Reuters) – U.S. President Donald Trump on Tuesday warned China against waiting out his first term in office to finalize any trade deal, saying if he wins re-election in the November 2020 U.S. presidential contest, the outcome could be no agreement or a worse one.

“The problem with them waiting … is that if & when I win, the deal that they get will be much tougher than what we are negotiating now…or no deal at all,” Trump said in a post on Twitter, as the latest U.S-China trade talks began in Shanghai.

Trump said China appeared to be backing off on a pledge to buy U.S. agricultural products, which U.S. officials have said could be a goodwill gesture and part of any final pact. https://reut.rs/2SSBd1L

“China … was supposed to start buying our agricultural product now – no signs that they are doing so. That is the problem with China, they just don’t come through,” Trump wrote in a series of tweets.

U.S. and Chinese officials restarted negotiations after talks stalled in May in a bid to end a yearlong trade war marked by tit-for-tat tariffs, but must still resolve deep differences, keeping expectations for this week’s two-day meeting low.

(Reporting by Susan Heavey and Makini Brice; Editing by Bernadette Baum)

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