U.S. President Donald Trump signaled Tuesday that Washington's signing of a trade agreement with China could be delayed until after the presidential election in November next year.
Speaking at a meeting of NATO leaders in London, Trump said there were no deadlines for a deal with China, denting hopes that the world's two largest economies could soon reach an initial deal to ease the damaging global effects of their trade war.
He stressed the importance of inking a deal that benefits the U.S., but insisted Beijing is eager to reach an agreement.
"I have to make the right deal. I'm not going to make a deal that's not going to be great for our country. And it can't be an even deal. If it's an even deal, it's no good."
Following president's remarks,U.S. Commerce Secretary Wilbur Ross said Washington's goal has not changed and the U.S. is under no time pressure.
Ross warned that additional tariffs could be imposed on China next month unless there's substantial progress in talks.
President Trump has threatened to impose 15 percent levies on an additional 160 billion U.S. dollars of Chinese imports, including cell phones, laptop computers and toys.
Ross added that while working-level talks are continuing with Beijing, no high-level meetings are in the pipeline.
Choi Jeong-yoon, Arirang News.