Donald Trump says the theft in China of American jobs and wealth must stop

President Donald Trump told Congress Tuesday that Washington's aggressive trade talks with Beijing would spell the end of China's alleged "theft" of US jobs and wealth.

In his annual State of the Union address, Trump also called on China to make the kind of "structural" big-picture changes in industrial policy that badysts believe Beijing is likely to resist.

The world's two largest economies still have a three-month truce in their trade war before US tariff rates need to rise sharply – an escalation that economists say could be a powerful negative shock to the economy World.

"We are clearly showing China that after years of targeting our industries and stealing our intellectual property, the theft of US jobs and wealth has come to an end," Trump said in his annual speech on State of the Union.

Any deal with Beijing "must include real structural changes to put an end to unfair trade practices," said Trump.

Last week, senior US and Chinese officials proclaimed progress and courtesy after two days of talks in Washington, but revealed few details.

Washington and Beijing imposed very heavy tariffs on bilateral trade of more than $ 360 billion, which weighed on the manufacturing sectors of the two countries and caused fears in world markets.

The trade deficit of the United States has increased by more than 18% since taking office on Mr. Trump. It has grown much faster than economic growth and has reached an unprecedented high with China in particular.

The president also reiterated his often repeated lie that China was paying US import duties on its exports.

"Our treasury receives billions of dollars a month from a country that has never given us a dime," Trump said.

In fact, these fees are paid by US importers, the costs often being pbaded on to consumers.

Trump also praised signs of US economic strength, including the vigorous creation of jobs and declining unemployment.

"We are considered by far the largest economy in the world," said Trump.

"Unemployment has reached the lowest rate for more than half a century."

The Congressional non-parliamentary budget office predicted that the US economy would slow down this year and the next, as the effects of the 2017 general tax review weaken.