Economy

Trump predicts he'll make trade deal with China

Trump predicts he'll make trade deal with China

Trump has frequently accused China of cheapening its currency to gain a trade advantage, claims Beijing has consistently rejected. "I think we'll make a deal with China, and I think it will be a very fair deal for everybody, but it will be a good deal for the United States".

Background: Trump and Xi are expected to meet at the G-20 summit on either November 30 or December 1.

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The head of the White house Donald trump said that he expects to conclude trade deals between the U.S. and China. "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". At a campaign rally in Columbia, Missouri, he later said "they want to make a deal".

President Trump said that if a deal is not made with China, he could impose tariffs on another $267-B in Chinese imports into the United States, adding that China's economy had "been hit very hard" by previous USA tariffs. Trump has also threatened to impose tariffs on all remaining goods imports from China, which past year were worth $505 billion.

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A foreign ministry spokesman, Lu Kang, said, "I agree, this phone conversation was an extremely positive phone conversation". He gave no indication whether they made progress on settling the escalating tariff war over Beijing's technology policy. The latter message was also contradicted by Larry Kudlow, the economic adviser of the White House.

News signaling improvements in US-China ties, in turn buoying the markets, would provide the president a chance to vie for support in midterm elections on Tuesday that will decide whether the Republicans keep control of Congress. Earlier, U.S. President said that he had fruitful talks with the Chinese President, during which they discussed trade relations between China and the United States.

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He was arrested for disorderly conduct in 2014 and was acquitted following an alleged scuffle with a photographer in the 1990s. Apparently, Baldwin's buddy was holding the parking spot near 10th Street and 5th Avenue when the other man took it.

"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.


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