President Donald Trump expressed optimism Wednesday for a trade deal with China but said he’s happy with the way things are going and is still considering putting tariffs on all Chinese imports.
The president, in an interview with Fox Business, said he is “very happy with where we are now. We’re taking in a fortune, and frankly [it’s] not a very good thing for China, but it is a good thing for us.”
His comments came the same morning that Treasury Secretary Steven Mnuchin told CNBC he is optimistic that progress can be made during the president’s scheduled meeting on Saturday with China’s Xi Jinping. Stocks opened higher Wednesday amid the more hopeful tone, though they were off their highs of the morning following Trump’s comments.
