President Trump: “China Wants to Make Deal With US”

President Trump: “China Wants to Make Deal With US”

President Donald Trump, saying China admits the trade war with the U.S. has taken a toll on its economy, announced the Chinese now want to make a major deal with the White House.

President Trump’s comments came in a Friday Tweet.

He wrote: “China just announced that their economy is growing much slower than anticipated because of our Trade War with them. They have just suspended US Tariff Hikes.

“US is doing very well. China wants to make a big and very comprehensive deal. It could happen, and rather soon!”

China announced Friday it was suspending additional tariffs on US-made vehicles and car parts for 3 months, staring on 1 January 2019.

Early this week China’s economy czar and the US Treasury secretary discussed plans for talks on tariff issues, indicating negotiations are going ahead smoothly.

Vice Premier Liu He and Treasury Secretary Steven Mnuchin talked by phone about “the promotion of the next economic and trade consultations,” a two-sentence Commerce Ministry statement said. 

The announcement indicated talks are on track despite China’s weekend threats of unspecified “grave consequences” if the Huawei Technologies Ltd. CFO is not released. Ms. Meng was arrested in Canada on US charges of possible violations of trade sanctions on Iran. Ms Meng was released on bail.

President Donald Trump agreed on 1 December to postpone more US tariff hikes on Chinese imports for 90 days while the 2 sides negotiate over American complaints about Beijing’s technology policy.

America First!

Have a terrific weekend.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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