Trump Wants to Meet Putin & China's Xi to Cut Military Budgets in Half | The Opening Trade 02/14

President Donald Trump floated the idea of a three-way meeting with the leaders of Russia and China in which the countries would agree to cut defense spending in half. Trump, speaking to reporters in the Oval Office Thursday, suggested repeatedly that he’d seek such a deal with Presidents Xi Jinping and Vladimir Putin, saying the money could be spent better elsewhere. “One of the first meetings I want to have is with President Xi of China, President Putin of Russia,” Trump said. “And I want to say, ‘let’s cut our military budget in half.’ Trump also ordered his administration to consider imposing reciprocal tariffs on numerous trading partners, raising the prospect of a wider campaign against a global system he complains is tilted against the US. Trump signed a measure directing the US Trade Representative and Commerce secretary to propose new levies on a country-by-country basis in an effort to rebalance trade relations.

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