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Trump Says China No Longer on Quick Path to Be Bigger Than U.S.

  • U.S. president dampens hopes for swift deals on trade disputes
  • China fears that Trump’s goal its to thwart its economic rise
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Eswar Prasad, Cornell University professor, discusses the trade spat between the U.S. and China.(Source: Bloomberg)
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President Donald Trump said China’s economy is no longer on a swift pace to be larger than the U.S., a comment likely to stoke concerns in Beijing that his administration wants to contain the Asian nation’s rise.

Speaking at a rally in West Virginia on Tuesday night, Trump noted that China’s market was “way down” even while saying he has “tremendous respect” for the country. He added that various trade talks would take time, a remark that dampens hopes for a breakthrough as low-level negotiations between the U.S. and China resume this week in Washington.