Thursday, 15 November, 2018

Trump hopes that trade agreement with China will be finalized at G20

Trump delivers his speech as he and China's President Xi Jinping meet business leaders at the Great Hall Trump delivers his speech as he and China's President Xi Jinping meet business leaders at the Great Hall
Elsie Buchanan | 05 November, 2018, 04:34

Trump said if the United States could strike a fair deal with China that would open up its market, he would be very willing to do so.

"It is possible some good positive things could - I say could - come out of President Trump-President Xi talks".

The G20 summit will take place from November 30 to December 1.

The head of the White house Donald trump said that he expects to conclude trade deals between the United States and China.

The headwinds have increased with Trump's specific charge - publicly echoed by Vice President Mike Pence - that China is actively trying to interfere in the USA midterm elections, to be held on November 6.

Trump told reporters in Washington that "I know they want to make a deal".

UFC 230: Daniel Cormier challenges Brock Lesnar for UFC and WWE titles
His status remains as murky as ever - he still has to serve out the remainder of a USADA suspension - and was not spotted at MSG. With this win, Cormier defends his heavyweight title for the first time since securing it at UFC 226 in July.


Trump has long threatened to impose tariffs on all $500 billion-plus goods imports from China if Beijing fails to meet his demands for sweeping changes to its policies on intellectual property, technology transfers, industrial subsidies and local market access. The United States has targeted $250 billion in Chinese products, and Beijing has lashed back by slapping tariffs on $110 million worth of US goods.

Earlier Friday, the Chinese foreign ministry said Trump and Xi had an "extremely positive" phone conversation Thursday. The latter message was also contradicted by Larry Kudlow, the economic adviser of the White House.

"I'm not going to make a prediction I do think part of the uncertainty in stocks is about the election", Kudlow said. If the policy talks go well, then we'll have a much better situation.

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.

"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.

The two leaders agreed the trade dispute "should be handled properly through substantial consultation", Lu said.

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