Trump Asks for Draft Trade Deal With China

05 November, 2018, 04:31 | Author: Mary Valdez
  • To Trump's trade czar the key to boosting U.S. industry is playing hardball with China

The leaders of the world's two largest economies made the remarks after their first publicly disclosed telephone conversation in nearly six months.

"We talked about many subjects, with a heavy emphasis on Trade".

President Donald Trump expressed confidence he can reach a deal to end a burgeoning trade war with China, saying he will meet his Chinese counterpart at the Group of 20 meetings in Argentina in about a month. "By the way, the president on one of the cable shows, did say - it didn't get picked up - that if some kind of amicable deal with China were to happen, then a lot of tariffs might be pulled back".

In an interview on Fox News Channel's "The Ingraham Angle" show on Monday, Trump did not specifically mention the potential withdrawal of tariffs, but said he expects "a great deal" with China. 1 summit of industrial and emerging market nations. China also said that the telephone conversation was "positive".

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Washington- US President Donald Trump on Thursday held a "very good conversation" with his Chinese counterpart, Xi Jinping, a talk by phone with a "heavy emphasis" on trade during which they discussed the possibility of a bilateral meeting during the G20 summit in Argentina in late November.

The Trump-Xi meeting would be the first since the two countries began hitting each other with import taxes earlier this year.

The ministry said Friday the two leaders agreed to "strengthen economic exchanges" but gave no indication whether they made any progress on settling an escalating tariff war over Beijing's technology policy. After their last publicly reported phone call in May, Trump rekindled trade talks by easing sanctions on Chinese telecom equipment maker ZTE Corp., only for negotiations to break down days later. Trump has threatened to impose tariffs on another $267 billion in Chinese imports — a move that would cover virtually everything China ships to the United States.

Kudlow said there was no specific trigger point for a decision to impose more tariffs on Chinese goods. Ten percent tariffs on $200 billion in imports that took effect in September are due to increase to 25 percent on January 1. Attorney General Jeff Sessions will announce a new initiative in response, according to a Justice Department official.

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