Trump predicts finalized trade deal with China to be close

Trump predicts finalized trade deal with China to be close

Trump predicts finalized trade deal with China to be close

In an interview on Fox News Channel's "The Ingraham Angle" show on Monday, Trump did not specifically mention the potential withdrawal of tariffs, but said he expects "a great deal" with China.

"Just had a long and very good conversation with President Xi Jinping of China", said Trump on his official Twitter account, reports Efe.

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.

US President Donald Trump is convinced that the United States and China can come to a deal about their trade dispute.

Trump said he will have dinner with President Xi Jinping of China at the November 30-Dec.

A foreign ministry spokesman, Lu Kang, said, "I agree, this phone conversation was an extremely positive phone conversation".

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

The ministry said Friday the two leaders agreed to "strengthen economic exchanges" but gave no indication whether they made any progress on settling an escalating tariff war over Beijing's technology policy.

However, "policy talks" will determine whether he imposes additional duties, "not an arbitrary timeline", said Kudlow, who served as the Trump campaign's senior economic adviser. "But China very much wants to make a deal", he said.

He also confirmed information about that at the summit of "Big twenty" in Argentina, he is going to meet with Chinese leader XI Jinping.

"We talked about many subjects, with a heavy emphasis on Trade".

"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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