The president also believes China hasn’t been helpful enough in U.S. efforts to convince North Korea to abandon its nuclear weapons program, said the White House official.
“We agreed to the denuclearization of North Korea,” Trump said on Twitter on Monday. “China, on the other hand, may be exerting negative pressure on a deal because of our posture on Chinese Trade-Hope Not!”
Senator Chuck Grassley, a Republican from Iowa, said he had a “great deal of concern” about the trade spat with China and the level of uncertainty it’s creating among farmers and businesses in his state. Futures for soybeans, a target for China’s retaliation, have fallen about 16 percent since the end of May, as the trade conflict was heating up.
“When you don’t know what’s going to be the outcome, it’s very uncertain, and it’s had a definite impact,” Grassley told Bloomberg TV. “How long is this going to go on? I hope we can settle pretty soon.”
This article was provided by Bloomberg News.