>> It's like an on-again, off-again bad romance. Just days after the White House signaled it was backing off from a trade war with China comes this, a tweet Wednesday from the President of the United States suggesting the two sides are having trouble coming up with a deal both can agree on.
President Trump tweeting, quote, our trade deal with China is moving along nicely. But in the end, we will probably have to use a different structure and that this will be too hard to get done and to verify results after completion. The White House is tight-lipped on what the roadblocks are.
A Reuters' request for more details did not receive an immediate response. The Trump Administration is pushing hard for Beijing to reduce a $335 billion annual trade and balance with the US by buying more American energy and farm exports. But Beijing was countered with a demand Washington relax sanctions on Chinese telecom giant ZTE for illegally shipping US goods to Iran and North Korea.
While Trump says there's no deal yet on ZTE.>> There is no deal. We will see what happens.>> His apparent openness to backing off the sanctions in order to get a larger trade deal done has been met with stiff opposition from within his own party. Senator Marco Rubio keeping up his criticism Wednesday on Twitter using the hashtags #BadDeal, #DoNotCave, #NotWinning.