Trump says China's Xi wants a deal to end escalating trade war

Posted November 05, 2018

"We also had good discussion on North Korea", he said. We talked about many subjects, with a heavy emphasis on trade. 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. "I think a very good deal will be made with China".

Earlier Friday, the Chinese foreign ministry said Trump and Xi had an "extremely positive" phone conversation Thursday.

The upbeat message at their meeting in Beijing came amid concerns that the US-China trade dispute will drag on, hurting company profits and the overall US economy. He said trade would be a topic when he gets together with Xi over dinner.

President Donald Trump's newfound zeal to resolve his trade war with China risks hitting some familiar obstacles, including himself.

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Neither leader specified any details of potential progress in their first known direct discussion in several months.

It was "hard to know what Trump wants most from China" because of a fragmented administration that had yet to strike a balance among the priorities of various vested interest groups, he said.

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.

Trump has imposed tariffs on $250 billion in Chinese imports, and has threatened to slap duties on everything else the country ships to the US But that would mean raising prices on billions of dollars' worth of consumer products, a category the administration has so far mostly avoided. That will be led by the agency's National Security Division head, John Demers, and will increase the use of Justice Department tools to counter China's activities, the official said.

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The report said it was unclear if Trump was easing up on demands that have been resisted by Beijing, and cited one person as saying intellectual property theft is a sticking point on a possible deal.

"Those discussions are moving along nicely", Trump wrote on Twitter on Thursday.

Pompeo's comments were the latest slur to come out of Washington, which has accused Beijing of meddling in United States politics, conducting cyber espionage against aviation firms and hacking Trump's iPhone.

The last round of trade talks with China ended in August with no concrete steps toward reaching a deal.

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