Trump predicts he’ll make trade deal with China

Trump predicts he’ll make trade deal with China

Trump predicts he’ll make trade deal with China

With these comments, Trump reacted to rumors that he would actually sign a trade agreement with China at the G20 summit.

Trump says of China: "I know they want to make a deal".

Though final decisions have not been made, US officials are preparing for such a scenario in case a planned Trump-Xi meeting yields no progress on the sidelines of a Group of 20 summit in Buenos Aires in November, according to the report.

The head of the White house Donald trump said that he expects to conclude trade deals between the USA and China. Both sides reported constructive discussions on North Korea and the trade, with Chinese state media saying that Trump supported "frequent, direct communication" between the presidents and "joint efforts to prepare for" the planned meeting on the sidelines of the Group of 20 summit.

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

The possible meeting between Xi and Trump in Buenos Aires is being broached amid growing trade tensions between the two countries after Washington imposed tariffs on tens of billions of dollars of Chinese imports and Beijing responded in kind against United States exports.

A foreign ministry spokesman, Lu Kang, said, "I agree, this phone conversation was an extremely positive phone conversation". The United States has targeted $250 billion in Chinese products, and Beijing has lashed back by slapping tariffs on $110 million worth of USA goods.

But Larry Kudlow, Trump's top economic adviser, sounded a more cautious note on CNBC Friday. "But China very much wants to make a deal", he said. He will certainly bring the subject to the table when he dines with the Chinese president Xi Jinping at the G20 meeting in Argentina later this month.

Trump has railed against the US trade imbalance with China since his presidential campaign, and his administration has grown increasingly vocal about calling out alleged corporate espionage and intellectual property theft by Chinese entities.

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