WASHINGTON: President Donald Trump said Tuesday that he wants to avoid policies that make it difficult for other countries to do business with the United States – even as his administration has done precisely the opposite.
“The United States cannot, & will not, become such a difficult place to deal with in terms of foreign countries buying our product, including for the always used National Security excuse, that our companies will be forced to leave in order to remain competitive,” he tweeted. US officials are considering denying a license to CFM International, a joint venture between GE and France’s Safran SA, to export more of its jet engines to China, the Wall Street Journal reported over the weekend, citing people familiar with the discussions.National security threat
In the costliest trade conflict, Trump announced tariffs on virtually 100% of goods imported from China.US trading partners have not stood idly by as Trump imposes tariffs, retaliating with punitive duties on American goods like bourbon, motorcycles and farm products, which obliged the government to provide millions in aid to farmers.