Trump asks officials to draft possible trade deal with China

Daniel Fowler
November 3, 2018

Trump said he will discuss trade with Xi when the two meet for dinner on the sidelines of the G20 leaders' summit at the end of November in Buenos Aires, Argentina.

The Chinese president was also quoted as saying that he was willing to meet Trump in Argentina during the G-20 summit. "And let's see what happens", Trump said at a White House event.

"He wants to do it", Trump said of Xi.

"They want to make a deal so badly".

Trump said in a television interview on Monday he thinks there will be "a great deal" with China on trade, but warned that he has billions of dollars worth of new tariffs ready to go if a deal isn't possible.

Tu Xinquan, a trade expert at Beijing's University of International Business and Economics, said he was sceptical that the Trump administration was truly ready to deal, and that other factors, such as the mid-term congressional elections, could be driving statements from the administration. We talked about many subjects, with a heavy emphasis on Trade. Trump points to stock prices as a barometer for his administration's economic success - blaming the Federal Reserve and Democrats for declines.

Xi said Thursday after speaking with Trump that he hopes China and the United States will be able to promote a steady and healthy relationship, Chinese state media reported.

On Thursday Chinese Premier Li Keqiang also told a group of visiting USA politicians that China and the United States could overcome their differences and get relations back on track if they worked together in a spirit of mutual respect.

Giants Hall of Famer Willie McCovey dead at 80
He played for the Padres and the A's from 1974 until 1976 and returned to the Giants in 1977, retiring in 1980. In his Major League Baseball debut, McCovey went 4 for 4 against Hall of Famer Robin Roberts.

President Donald Trump has suddenly suggested that the United States and China could make a deal to end the trade war.

Yesterday, Trump and Xi spoke by telephone in what both sides described as an positive call.

Trump imposed new tariffs on roughly half of Chinese imports this summer, while Beijing fired back with tariffs on most United States products.

Washington and Beijing are in an increasingly high-stakes standoff over Trump's aggressive move to end what he says have been years of unfair trade practices by China, including rampant intellectual property theft, forced technology transfers and market access barriers. Ten percent tariffs on US$200 billion in imports that took effect in September are due to increase to 25% on Jan 1.

Trump has also threatened to impose tariffs on all remaining goods imports from China, which a year ago were worth US$505 billion.

A key point of contention for the USA has been its allegations that China has engaged in widespread intellectual property theft.

U.S. Attorney General Jeff Sessions told reporters that Chinese espionage has been "increasing rapidly", demanding that "cheating must stop".

"Frankly, the principal culprit is China", he said.

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