Trump predicts he'll make trade deal with China

Trump predicts he'll make trade deal with China

WASHINGTON, Nov 2 - U.S. President Donald Trump said on Friday that a lot of progress had been made with China on trade, and he predicted the world's two largest economies would reach a very good deal.

Trump had a "long and very good" telephone conversation with his Chinese counterpart on Thursday.

"I spoke with President Xi yesterday".

The United States and China have slapped tit-for-tat tariffs on hundreds of billions of dollars of each other's goods over the past few months, sparked by US President Donald Trump's demands for sweeping changes to China's intellectual property, industrial subsidy and trade policies.

He also confirmed information about that at the summit of "Big twenty" in Argentina, he is going to meet with Chinese leader XI Jinping.

"If we can open up China and make it fair, for the 1st time ever, this should have done years ago by other Presidents but it was not- I am very much willing to do it". "We are not on the cusp of a deal", Kudlow said.

More news: LeBron James reveals he loves THIS Lakers decision after Blazers win

The Trump Administration officials have said US-China trade talks can not resume until Beijing outlines specific actions it would take to meet US demands for sweeping changes to policies on technology transfers, industrial subsidies and market access.

Earlier, the White House's top economic adviser, Larry Kudlow, said the United States and China were not close to a deal to resolve their trade differences, and he was less optimistic than previously that such an agreement would come together.

Kudlow said there was no specific trigger point for a decision to impose more tariffs on Chinese goods.

Bloomberg reported on Monday that the Trump administration was preparing to announce tariffs on the remaining Chinese imports, about $257 billion worth, if the meeting fails to ease the U.S.

"Xi noted in the conversation that China has repeatedly made clear its stance on bilateral ties, and hopes that both countries will promote a healthy, stable development of bilateral ties", Xinhua said of the call.

Related Articles