President Trump, "I Think We'll Make a Deal With China on Trade"

The Latest Trump says he'll meet China's Xi at G-20 meeting

The Latest Trump says he'll meet China's Xi at G-20 meeting

"We are having very good discussions with China".

Bloomberg, citing people familiar with the matter, later reported that Trump wants to reach a trade agreement with China at the G20 meeting and that after the call with Xi, he had asked officials to begin drafting possible terms. For example, it's unknown whether he is considering relenting on his administration's hard line against China's theft of U.S. intellectual property, which one of the people said remains a key sticking point in any potential deal. We talked about many subjects, with a heavy emphasis on trade.

Trump has since threatened to impose further $371 billion tariffs on Chinese imports - a move that would cover virtually everything China ships to the United States.

U.S. President Donald Trump said on Friday that he will likely make a deal with China on trade, adding that a lot of progress had been made to resolve the two countries' differences but warning that he still may impose more tariffs on Chinese goods.

But by midday, shares had turned negative, weighed down by Apple Inc.'s disappointing earnings forecast and comments from White House economic adviser Larry Kudlow that he was less optimistic than previously about a deal betweenWashington and Beijing.

The news comes as the volatile trade relations weigh in on the United States stock market, with stocks taking a turn after a rally in world equity markets came to a close and gains reversed on Wall Street.

"China very much wants to make a deal..."

"He wants to do it", Trump said of Xi.

Jacob Parker, vice president of China operations at the U.S.

Trump said Thursday on Twitter that trade discussions with China were "moving along nicely", and that he planned to meet Xi on the sidelines of a G20 summit, in Argentina, after the two had a "very good" phone discussion. -China Business Council in Beijing, said there were plenty of challenges that would require significant negotiations in advance of a meeting between Trump and Xi to ensure success.

"The stock market is focused on tariffs and they believe that increased tariffs are going to hurt the economy", said Mike Rask, director of trading at Hodges Capital in Dallas. But Kudlow cautioned that Trump would "aggressively" pursue his agenda against China if no deals were reached on intellectual property theft, cybersecurity and tariffs on commodities, among other issues.

China has repeatedly questioned the US's sincerity in trade talks, wary of agreeing to something only to have Trump change his mind.

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