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Thu Dec 6, 2018, 09:52 AM

China hails Trump-Xi summit, says 'very confident' in trade deal

Source: Reuters


Yawen Chen, Se Young Lee

BEIJING (Reuters) - China on Thursday expressed confidence in striking a trade deal with the United States within their 90-day ceasefire period, praising the recent meeting between U.S. President Donald Trump and Chinese President Xi Jinping as highly successful.

In Argentina last weekend, Trump and Xi agreed to a truce that delayed the planned Jan. 1 U.S. hike of tariffs to 25 percent from 10 percent on $200 billion of Chinese goods while they negotiate a trade deal.

“We are very confident in reaching an agreement (with the United States) within the next 90 days,” China’s commerce ministry spokesman Gao Feng said in a weekly briefing, adding both sides have been communicating and cooperating “smoothly” since the leaders met in Argentina.

China’s ultimate goal during the 90-day trade talks is to remove all U.S. tariffs imposed on Chinese goods, Gao said.

Read more: https://www.reuters.com/article/us-usa-trade-china/china-hails-trump-xi-summit-says-very-confident-in-trade-deal-idUSKBN1O502D?il=0

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Reply China hails Trump-Xi summit, says 'very confident' in trade deal (Original post)
DonViejo Dec 2018 OP
still_one Dec 2018 #1

Response to DonViejo (Original post)

Thu Dec 6, 2018, 09:57 AM

1. or maybe not, after the U.S. told Canada to arrest the CFO of Huawei for extradition to the U.S.

for violating the U.S. imposed Iran sanctions from trade with Iran.

All I can tell you is the futures as of now sure aren't convinced there will be a deal.

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