Trump Asks Cabinet to Draft Possible Trade Deal With China

[DonViejo]

Source: Bloomberg News



By Jenny Leonard, Saleha Mohsin, and Jennifer Jacobs

November 2, 2018, 12:47 AM EDT Updated on November 2, 2018, 4:42 AM EDT

Leaders set to meet at G-20 summit this month in Argentina

Move came after U.S. president and Xi spoke on the telephone

President Donald Trump wants to reach an agreement on trade with Chinese President Xi Jinping at the Group of 20 nations summit in Argentina later this month and has asked key U.S. officials to begin drafting potential terms, according to four people familiar with the matter.

The push for a possible deal with China was prompted by the president’s telephone call with Xi on Thursday, the people said, requesting anonymity to discuss internal deliberations. Afterward, Trump described the conversation as “long and very good” and said in a tweet that their discussions on trade were “moving along nicely.”

Trump asked key cabinet secretaries to have their staff draw up a potential deal to signal a ceasefire in an escalating trade conflict, the people said, adding that multiple agencies are involved in the drafting of the plan. It was unclear if Trump was easing up on U.S. demands that China has resisted.

The news prompted stocks to surge in Hong Kong and China, while the offshore yuan jumped as much as 0.5 percent for the biggest two-day gain since August. The Hang Seng Index rose 4.2 percent, the biggest gain since 2011, and the Shanghai Composite Index climbed 2.7 percent, posting a fourth day of gains for its longest winning streak since February.

Read more: Link to source

[NewJeffCT]

1. Does this mean Trump is surrendering

in the trade war?

[Maxheader]

5. Maybe just accepting prior offerings from china...

Just a random blurp..

No matter how much agriculture country voters lurv the traitor,
there comes a point where the easiest way to cut loses is to
cut the prez...And with just a few days from the general, cheetox
acts like losing the house is a big deal for it.

[Squinch]

2. Lol! I have "three days" in the pool on how long it takes for him to

insult the Chinese in a tweet, saying they're negotiating in bad faith, and blowing up the whole thing.

[Javaman]

4. you may be on to something.

if the orange asshole does something like that it will happen either on monday or election day.

more over he will do it so ineptly then try to explain it away as trying to help repukes in the election.

[Maggiemayhem]

3. Terrible news for The Climate and West Virginia

There is an 83 Billion 20 year deal with China Energy to make West Virginia a petrochemical nightmare