the United States could trade with China

the United States could trade with China

TRUMP and Xi Jinping expressed optimism ahead of meeting later this month in Argentina, with the USA leader saying his Chinese counterpart wants to make a deal to end an escalating trade war. "We are having very good discussions with China".

"Those discussions are moving along nicely", Trump wrote on Twitter on Thursday. He said trade would be a topic when he gets together with Xi over dinner. "They all want to do it". 1 summit of industrial and emerging market nations. -China trade war, citing unnamed sources.

"We talked about many subjects, with a heavy emphasis on Trade". Asian stocks built on the best weekly rally since September on Friday, with South Korean and Japanese stocks leading the advance. China also said that the telephone conversation was "positive".

Editor's Note: Since this Situation Report was published, National Economic Council Director Larry Kudlow denied that U.S. President Donald Trump had directed his Cabinet to draft a potential trade deal with China.

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

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Trump says of China: "I know they want to make a deal". Unlike many other news organizations, we have not put up a paywall.

President Trump's comments came a day after a phone call with President Xi that he described as "very good". 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. The maintenance came after months of increasing trade strains, with the United States introducing import tariffs on Chinese goods and the Asian country repeatedly with equal measures. Ten percent tariffs on $200 billion in imports that took effect in September are due to increase to 25 percent on January 1.

The Trump Administration also has taken action to hit the Chinese semiconductor industry, indicting 2 companies accused of stealing trade secrets and banning USA software and equipment exports to 1 of them.

"Both leaders attach great importance to China-U.S. ties and economic ties", Lu said.

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