President Donald Trump said he will not make a deal with China unless the trade deficit is solved. (AP Photo / Evan Vucci / iStock)
Trump also said because of the tariffs, the U.S. has $7 trillion of committed investments when it comes to building automotive manufacturing plants, chip companies and other types of businesses, "at levels that we’ve never seen before."
But in terms of trade deficits, Trump said he has spoken with a lot of leaders in Europe and Asia, who are "dying" to make a deal, but as long as there are deficits, he is not going to do that.
CLICK HERE TO GET THE FOX NEWS APP
"A deficit is a loss," he said. "We’re going to have surpluses, or we’re, at worst, going to be breaking even. But China would be the worst in the group because the deficit is so big, and it’s not sustainable.
"I was elected on this," Trump added.
Greg Wehner is a breaking news reporter for Fox News Digital.
Story tips and ideas can be sent to Greg.Wehner@Fox.com and on Twitter @GregWehner.
https://www.foxnews.com/politics/trump-says-us-not-willing-make-deal-china-unless-trade-deficit-solved