Trump says US-China relationship must improve

Published Fri, Dec 9, 2016 · 03:18 AM

[DES MOINES, Iowa] President-elect Donald Trump said on Thursday the United States needed to improve its relationship with China, which he criticised for its economic policies and failure to rein in North Korea.

"One of the most important relationships we must improve, and we have to improve, is our relationship with China," Mr Trump told a rally in Iowa. The United States and China are the world's two biggest economies. "China is not a market economy," he said. "They haven't played by the rules, and I know it's time that they're going to start."

Mr Trump criticised China repeatedly during his presidential campaign and drew a diplomatic protest from Beijing last week after speaking by phone with President Tsai Ing-wen of Taiwan, which China considers a wayward province.

It was the first such top-level contact with Taiwan by a US president-elect or president since President Jimmy Carter adopted a "one-China" policy in 1979, recognising only the Beijing government.

Mr Trump kept up his criticism of Beijing during the rally, which was part of a "thank you tour" to express gratitude to states that helped him win an upset victory over Democratic presidential nominee Hillary Clinton last month.

"You have the massive theft of intellectual property, putting unfair taxes on our companies, not helping with the menace of North Korea like they should, and the at-will and massive devaluation of their currency and product dumping," Mr Trump said of China. "Other than that, they've been wonderful, right?"

China is not currently viewed as a currency manipulator by either the US Treasury Department or the International Monetary Fund. The World Trade Organization says Chinese tariffs on imported goods are generally higher than US tariffs.

Mr Trump brought his pick for ambassador to China, Iowa Governor Terry Branstad, onstage, saying Mr Branstad always encouraged him not to say anything negative about China in his state.

"I have so many friends there," Mr Trump said Mr Branstad would tell him. Mr Branstad has said he and Chinese President Xi Jinping have a 30-year friendship. The Iowa governor has visited China at least six times, and Mr Xi has been to Iowa twice.

Mr Trump repeated his campaign message that he planned to prioritise the United States and American workers over global interests.

The Trump administration, which takes office on Jan 20, would focus on two rules: "Buy American and hire American," he said, adding he would keep pressuring companies not to move jobs overseas.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here