Donald Trump declared on Tuesday that he was prepared to wait until after the US election next year to reach a trade deal with China, reported the Financial Times.
Trump said there was no deadline for the US-China talks, raising doubts about the prospects for resolving the dispute with Beijing.
“In some ways I like the idea of waiting until after the election,” the US president told reporters on a visit to London for a summit of the NATO alliance. “The China trade deal is dependent on one thing: Do I want to make it? . . . We’re doing very well with China right now and we can do even better.”
Markets were shaken by the comments. The S&P 500 was down more than 1% in morning trading in New York, following a decline in the European Stoxx 600 index of 0.4% and a drop of 1.6% for the FTSE 100.