Trump says 'I think we'll make a deal with China' on trade

Daniel Fowler
November 4, 2018

U.S. President Donald Trump on Thursday said trade discussions with China were "moving along nicely" and that he planned to meet with Chinese President Xi Jinping at the upcoming G-20 summit, after the two had a "very good" talk.

The veteran financial guru and former Ronald Reagan adviser told CNBC in an interview he was not as optimistic as he once was about the two nations reaching a deal. We're getting much closer to doing something. "We're not on the cusp of a deal".

Trump said earlier on Twitter that he and Xi had a "very good" conversation.

But Bloomberg later reported that the phone call - in which Trump and Xi both expressed optimism about resolving their bitter trade disputes - prompted Trump to ask officials to begin drafting potential terms. For example, it's unknown whether he is considering relenting on his administration's hard line against China's theft of United States intellectual property, which one of the people said remains a key sticking point in any potential deal.

Trump administration officials have said U.S.

The maintenance came after months of increasing trade strains, with the U.S. introducing import tariffs on Chinese goods and the Asian country repeatedly with equal measures. And he has previously made concessions to USA adversaries that have drawn backlash from both Democrats and Republicans. "But it will be a good deal for the United States".

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"What negotiations have lacked to date has been that (presidential) level of engagement".

"I know they want to make a deal", Trump said.

The meal would give the two leaders more time to talk and create an atmosphere more conducive to negotiations, the sources said.

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. Trump has also threatened to extend the tariffs to all Chinese imports if the meeting in Argentina fails to produce "a good deal".

Lu Xiang, a specialist on United States affairs at the Chinese Academy of Social Sciences, said that Beijing had been preparing for a "worse than the worst" confrontation with the U.S., and added that any further escalation would be fatal to an already highly volatile USA stock market.

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