Home | WebMail | Register or Login

      Calgary | Regions | Local Traffic Report | Advertise on Action News | Contact

Login

Login

Please fill in your credentials to login.

Don't have an account? Register Sign up now.

Posted: 2019-09-21T03:07:58Z | Updated: 2019-09-21T03:07:58Z

Chinese trade negotiators cut short their trip to the U.S. after President Donald Trump said Friday he really doesnt need a trade pact until after the 2020 presidential election.

The move quashed optimism about a possible trade deal with China any time soon, and stocks took a hit .

The Chinese negotiators, who arrived in Washington this week for two days of talks, had planned to tour farms next week in Montana and Nebraska where Chinas retaliatory tariffs on soybeans and pork have hurt farmers. But they suddenly canceled the visits to head home early, CNBC reported.

Trump told reporters Friday there was no need to work out a trade deal with China before the 2020 election because the American economy is so strong despite mounting fears about a recession. Im not looking for a partial deal; Im looking for a complete deal, he said (see the video above). People know that were doing a great job. ... Were not being affected.

Trump also insisted again that China pays the tariffs imposed by the Trump administration on Chinese goods imported into the U.S. Hundreds of billions of dollars worth of money is coming in from China that never came in before, he told reporters.

Trump either has absolutely no clue how tariffs work or is shamelessly lying about them, or some combination thereof pic.twitter.com/FX1epY8VUs

Aaron Rupar (@atrupar) September 20, 2019","type":"rich","meta":{"author":"Aaron Rupar","author_url":"https://twitter.com/atrupar","cache_age":86400,"description":"Trump either has absolutely no clue how tariffs work or is shamelessly lying about them, or some combination thereof pic.twitter.com/FX1epY8VUs Aaron Rupar (@atrupar) September 20, 2019\n\n","options":{"_hide_media":{"label":"Hide photos, videos, and cards","value":false},"_hide_thread":{"label":"Hide previous Tweet in conversation thread","value":true}},"provider_name":"Twitter","thumbnail_height":675,"thumbnail_url":"https://pbs.twimg.com/ext_tw_video_thumb/1175074480466661376/pu/img/WuCQY3i6iFyjUM6v.jpg","thumbnail_width":1200,"title":"Aaron Rupar on Twitter","type":"rich","url":"https://twitter.com/atrupar/status/1175075035494699009","version":"1.0"},"flags":[],"fullBleed":false,"options":{"theme":"news","device":"mobile","editionInfo":{"id":"us","name":"U.S.","link":"https://action.news","locale":"en_US"},"originalEdition":"us","isMapi":false,"isAmp":false,"isVideoEntry":false,"isEntry":true,"isMt":false,"entryId":"5d8574a0e4b070d468cce9af","entryPermalink":"https://action.news/entry/trump-china-trade-talks-no-deal-2020-election_n_5d8574a0e4b070d468cce9af","entryTagsList":"donald-trump,2020-united-states-presidential-election,trade-war-with-china","sectionSlug":"politics","deptSlug":"politics-news","sectionRedirectUrl":null,"subcategories":"","isWide":false,"headerOverride":null,"noVideoAds":false,"disableFloat":false,"isNative":false,"commercialVideo":{"provider":"custom","site_and_category":"us.politics","package":null},"isHighline":false,"vidibleConfigValues":{"cid":"60afc111dcf87c2cd2f5d8bf","overrides":{"front_page_top_videos":{"desktop":"60b64354b171b7444beaff4d","mobileweb":"60b64354b171b7444beaff4d"},"top_media":{"desktop":"60b8e6bdc5449357a7ada147","mobile":"60b8e701c5449357a7ada2ee","iphone":"60b8e643cdd90620331bb1f6","ipad":"60b8e643cdd90620331bb1f6","androidphone":"60b8e699c5449357a7ada04c","androidtablet":"60b8e699c5449357a7ada04c"},"anthology":{"desktop":"60b8e616cdd90620331bb0ba","mobile":"60b8e671c5449357a7ad9f66","iphone":"60b8e643cdd90620331bb1f6","ipad":"60b8e643cdd90620331bb1f6","androidphone":"60b8e699c5449357a7ada04c","androidtablet":"60b8e699c5449357a7ada04c"},"content":{"desktop":"60b8e616cdd90620331bb0ba","mobile":"60b8e671c5449357a7ad9f66","iphone":"60b8e643cdd90620331bb1f6","ipad":"60b8e643cdd90620331bb1f6","androidphone":"60b8e699c5449357a7ada04c","androidtablet":"60b8e699c5449357a7ada04c"}},"playerUpdates":{"5668ae6ee4b0b5e26955d6a6":"60d2472d9340d7032ad7e443","56aa41bae4b091744c0440d8":"60e869dc7c5f3b17b6741b81","5841b2b5cc52c716ec6e5a7f":"60b8e355cdd90620331ba185","58b5e2b8d85a10302feee895":"60b64316b171b7444beafdb2","58b74698f78ced31417819ae":"60b8e5bec5449357a7ad9b52","58b74ccecebcea57e2c3a3d1":"60b8e5eac5449357a7ad9ca5","58cff690d85a100b9992bc39":"60b8e616cdd90620331bb0ba","58cffb3fb6d9b972a49a3c9d":"60b8e643cdd90620331bb1f6","58cffdd74d96935d7d6ec180":"60b8e671c5449357a7ad9f66","58d03a84f78ced6518eb2fa7":"60b643c82e76be41f112735c","592edf20e0fa177b0c26f7fd":"60b8e699c5449357a7ada04c","5b35266b158f855373e28256":"60b64354b171b7444beaff4d","5c116f29f79c4171d82b7c2a":"60b64440b171b7444beb040b","5c1170fc600c9a697bf0c6b9":"60b646102e76be41f1127ffc","5c47791afa1b317df8ae0c4f":"60b8e6bdc5449357a7ada147","5c477987a6b48b35f164773d":"60b8e701c5449357a7ada2ee","5c4779ee943c3c2a64f28371":"60b8e747cdd90620331bb861","5c477a26fcd67b26879bc7c2":"60b8e788c5449357a7ada67b","5d8921a78c3ae845f366c9b6":"60ae7be5f3a7c13a30417ff9","58b98b00ba82aa39a6534321":"60d0de7c9340d7032ad1146c","58b9d14cb6d9b96c9ec32af3":"60d0dec19340d7032ad115a0","58cff8eccebcea42931e0436":"60d0e005b627221e9d819d44","592edf5de0fa177b0c26f95b":"60d0e38fb627221e9d81adcf","58cff72fd85a100b9992c112":"60d0e447b627221e9d81b0da","56b4d34fe4b022697697c400":"60d2472d9340d7032ad7e443","60b8e4c0c5449357a7ad957d":"60e869dc7c5f3b17b6741b81"}},"connatixConfigValues":{"defaultPlayer":"ff7fdddc-5441-4253-abc4-f12a33fad58b","clickToPlayPlayer":"d014396e-b366-4c17-aeac-3ce906fa3fd0","videoPagePlayer":"f010447b-d244-4111-a314-7b4542ae4145","verticalPlayer":"e58cb05a-0bc8-4210-9108-fea82726c065","stickyPlayerControl":"52ea1755-d601-4ad1-bccc-d8cce3f0e5da","stickyPlayerON":"8055e9e5-3bda-4933-8d45-9ad814fb6e22"},"topConnatixThumnbailSrc":"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=","customAmpComponents":[],"ampAssetsUrl":"https://amp.assets.huffpost.com","videoTraits":null,"positionInUnitCounts":{"buzz_head":{"count":0},"buzz_body":{"count":0},"buzz_bottom":{"count":0}},"positionInSubUnitCounts":{"article_body":{"count":7},"blog_summary":{"count":0},"before_you_go_content":{"count":0}},"connatixCountsHelper":{"count":1},"buzzfeedTracking":{"context_page_id":"5d8574a0e4b070d468cce9af","context_page_type":"buzz","destination":"huffpost","mode":"mobile","page_edition":"en-us"},"tags":[{"name":"Donald Trump","slug":"donald-trump","links":{"relativeLink":"topic/donald-trump","permalink":"https://action.news/topic/donald-trump","mobileWebLink":"https://action.news/topic/donald-trump"},"relegenceId":2789214,"department":{"name":"Latest News","slug":"politics-news"},"section":{"title":"Politics","slug":"politics"},"topic":{"title":"Donald Trump","slug":"donald-trump","overridesSectionLabel":false},"url":"https://action.news/news/topic/donald-trump"},{"name":"2020 United States presidential election","slug":"2020-united-states-presidential-election","links":{"relativeLink":"topic/2020-united-states-presidential-election","permalink":"https://action.news/topic/2020-united-states-presidential-election","mobileWebLink":"https://action.news/topic/2020-united-states-presidential-election"},"department":{"name":"Latest News","slug":"politics-news"},"section":{"title":"Politics","slug":"politics"},"topic":{"title":"2020 Election","slug":"2020-election","overridesSectionLabel":false},"url":"https://action.news/news/topic/2020-election"},{"name":"trade war with china","slug":"trade-war-with-china","links":{"relativeLink":"topic/trade-war-with-china","permalink":"https://action.news/topic/trade-war-with-china","mobileWebLink":"https://action.news/topic/trade-war-with-china"},"url":"https://action.news/topic/trade-war-with-china"}],"isLiveblogLive":null,"isLiveblog":false,"cetUnit":"buzz_body","bodyAds":["
\r\n\r\n","
\r\n\r\n","
\r\n\r\n"],"adCount":0},"isCollectionEmbed":false,"enhancements":{}}">

Trump either has absolutely no clue how tariffs work or is shamelessly lying about them, or some combination thereof pic.twitter.com/FX1epY8VUs

Aaron Rupar (@atrupar) September 20, 2019

In fact, the tariffs are paid by companies, like Walmart, that import Chinese products, and most if not all of the extra costs are passed on to the American consumer.

Support Free Journalism

Consider supporting HuffPost starting at $2 to help us provide free, quality journalism that puts people first.

Thank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone.

The stakes are high this year, and our 2024 coverage could use continued support. Would you consider becoming a regular HuffPost contributor?

Thank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone.

The stakes are high this year, and our 2024 coverage could use continued support. We hope you'll consider contributing to HuffPost once more.

Support HuffPost

The U.S. trade representatives office issued a statement characterizing the two days of talks as productive and said higher-level talks will take place as planned next month.

In a bid to smooth some kind of deal with China, Trump had delayed increasing tariffs on $250 billion worth of Chinese goods from Oct. 1 to Oct. 15 as a gesture of good will. In addition, the Trump administration this week excluded hundreds of Chinese product categories from the tariff list, including Christmas tree lights, at the request of U.S. businesses , Reuters reported.

Last week, China announced that it would exclude imports of U.S. soybeans, pork and other farm goods from additional tariffs.

Support Free Journalism

Consider supporting HuffPost starting at $2 to help us provide free, quality journalism that puts people first.

Thank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone.

The stakes are high this year, and our 2024 coverage could use continued support. Would you consider becoming a regular HuffPost contributor?

Thank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone.

The stakes are high this year, and our 2024 coverage could use continued support. We hope you'll consider contributing to HuffPost once more.

Support HuffPost

The U.S. imposed a 15% tariff on $112 billion worth of Chinese goods Sept. 1. China responded by resuming a 25% tariff on U.S. cars and adding up to 10% tariffs on $75 billion worth of additional goods.

Support Free Journalism

Consider supporting HuffPost starting at $2 to help us provide free, quality journalism that puts people first.

Thank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone.

The stakes are high this year, and our 2024 coverage could use continued support. Would you consider becoming a regular HuffPost contributor?

Thank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone.

The stakes are high this year, and our 2024 coverage could use continued support. We hope you'll consider contributing to HuffPost once more.

Support HuffPost