China loves ripping off America, says US President Donald Trump

United States President Donald Trump on Monday said that China is "dreaming" that former Vice President Joe Biden or any Democratic candidate will win the 2020 presidential election as they "love ripping off America."

"China is DREAMING that Sleepy Joe Biden, or any of the others, gets elected in 2020. They LOVE ripping off America!" Trump tweeted.

Trump accused China of wanting a Democrat to win the US election so they could "continue to rip-off the USA" and warned them that it would not happen as he is "going to win."

Earlier, Trump in a tweet said that 'We are right where we want to be with China '.

The tweet read: "We are right where we want to be with China. Remember, they broke the deal with us & tried to renegotiate. We will be taking in Tens of Billions of Dollars in Tariffs from China. Buyers of the product can make it themselves in the USA (ideal), or buy it from non-Tariffed countries".

In another tweet, he further said: "We will then spend (match or better) the money that China may no longer be spending with our Great Patriot Farmers (Agriculture), which is a small percentage of total Tariffs received, and distribute the food to starving people in nations around the world! GREAT!"

The trade dispute between the United States and China, the world’s two biggest economies, has been escalating for over a year. 

Both nations have repeatedly slapped billions of dollars worth of retaliatory tariffs on each other's goods as the rivalry between them has soared.

Trump had asked China to act immediately and strike a trade deal without waiting for the 2020 US presidential elections. He warned Beijing saying that the negotiation would be "far worse" if it had to be done in his second term. 

This comes after Trump's decision to raise tariffs on 200 billion dollars worth of Chinese imports from 10 to 25 per cent, a move which infuriated Beijing, saying it would retaliate. 

Trump on Friday had said that the tariffs levied on Chinese goods "may or may not be removed" depending on the outcome of trade talks. The trade war between the world`s two largest economies has been going on for a year.

(With inputs from agencies)