Published: Sat, March 16, 2019

Trump says U.S. doing well in trade talks with China

Trump says U.S. doing well in trade talks with China

On February 22, the Washington Post reported Trump says he expects to meet with China's Xi and finalize new trade deal but Trump would not rule out extending the deadline beyond March 1.

Earlier this week, Trump said there was still no plan for him to hold a summit with Chinese President Xi Jinping.

"There's still a lot of work to do, but we're very comfortable with where we are", Mnuchin said.

Moreover, China and the USA have previously stated that the trade talks are going well and predicted that the trade war is ending soon.

Trump acknowledged on Wednesday that Xi may be reluctant to come to the USA president's Mar-a-Lago estate in Florida without an agreement in hand after seeing Trump end a separate summit in Vietnam with North Korean leader Kim Jong Un without a peace deal.

The accord will include "very clear enforcement provisions and we want to get the agreement right", he said.

"We'll have news on China".

Treasury Secretary Steven Mnuchin said he and U.S. Trade Representative Robert Lighthizer had a phone call with a top Chinese official Wednesday night. It's got to be the right deal, and it's got to be a good deal for us.

Later, at a Saint Patrick's Day celebration in the White House with the Irish Prime Minister Leo Varadkar, Trump predicted results in the near future. China would like to make a deal and we'd like to make a deal. I have a very good relationship with President Xi. "As long as Chinese industry is controlled by the Chinese government and Chinese communist party, I see it as a risk", Banks said.

"It's an exciting time in terms of trade", Trump said. This also came about after The New York Times made claims of federal prosecutors' investigations touching on data deals the company conducted with other tech giants.

The negotiations have zeroed in on the phasing out of joint-venture requirements, the deal's enforcement mechanism and the lifting of tariffs the two sides have imposed on each other, the people familiar with the talks said. However, Trump prefers to close the deal with Xi in person the sources further reiterated.

"What was happening to our country on trade was a disgusting thing; that this wasn't done years ago". That they could have allowed this to happen - we lost, over the last number of years, nearly United States dollars 800 billion a year on trade.

"So we're making great deals or we're not going to make them at all".

"The president needs a win", Cohn said in a Freakonomics Radio podcast.

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