Experts: China's GDP not a factor in trade deal
US President Donald Trump's premise that Beijing needs a trade agreement with Washington because China's economy is slowing is mistaken, and China is not in a hurry to cut a deal out of fear, several US experts have said.
Trump, commenting on China's latest growth figures, tweeted on Monday: "The United States tariffs are having a major effect on companies wanting to leave China for non-tariffed countries. Thousands of companies are leaving. This is why China wants to make a deal with the US, and wishes it had not broken the original deal in the first place."
"This is political gloss, not a rational narrative," Gary Hufbauer, a senior fellow and trade expert at the Peterson Institute for International Economics in Washington, said on Tuesday.
