"They would like to have a kickback," Trump said. "I disagreed. China would like to get some rejection, not a full kickback, because they know I won't do it."
A day earlier, a spokesman for the Chinese Ministry of Commerce told reporters. that US and Chinese negotiators have discussed retreat rates, saying waivers could happen even before a first phase trade deal is signed.
Despite Trump's remarks, Wall Street ended last week at record highs.
In Hong Kong, the political crisis in the city escalated again early in the work week when a traffic officer shot a protestor in the chest early Monday morning, according to a police source.