President’s Trump, Xi Talk, Align, Trade Outlook Positive
US President Donald Trump and Chinese President Xi Jinping both expressed optimism Thursday about resolving their trade disputes ahead of a meeting planned at the end of November in Argentina.
President Trump said in a Tweet that trade discussions with China were “moving along nicely” and that he planned to meet with President Xi at the G20 Summit, after the 2 leaders had a “very good” phone discussion.
In comments to state media, President Xi said he hoped China and the United States would be able to promote a steady and healthy relationship, and that he was willing to meet with President Trump in Argentina.
“The 2 countries’ trade teams should strengthen contact and conduct consultations on issues of concern to both sides, and promote a plan that both can accept to reach a consensus on the China-US trade issue,” Presient Xi said on CCTV state television.
President Xi was quoted by CCTV as saying after the call with President Trump that the 2 leaders had hoped to expand bi-lateral trade cooperation.
President Trump was upbeat tone on Twitter after the phone call with President Xi.
“Just had a long and very good conversation with President Xi Jinping of China. We talked about many subjects, with a heavy emphasis on Trade,” President Trump Tweeted. “Those discussions are moving along nicely with meetings being scheduled at the G-20 in Argentina. Also had good discussion on North Korea!”
Earlier Thursday, Chinese Premier Li Keqiang told a group of visiting US politicians that China and the United States could overcome their differences and get relations back on track if they worked together in a spirit of mutual respect.
Earlier this week, President Trump said he thought there would be “a great deal” with China on trade, but warned that he had billions of dollars worth of new tariffs ready to go if a deal did not materialize.
The United States has already imposed tariffs on $250-B worth of Chinese goods, with duties on $200-B of the total set to increase to 25% from 10% on 1 January 2019. China has responded with retaliatory duties on $110-B worth of US goods.
Latest posts by Paul Ebeling (see all)
- Gold Prices Drive North - February 20, 2020
- Ferrari Ownership: “You Do Not Choose Ferrari, Ferrari Chooses You” - February 19, 2020
- S&P 500 & NAS Comp Mark Fresh Record Highs - February 19, 2020