US-China “Very, Very Close” on Trade Deal

US-China “Very, Very Close” on Trade Deal

FLASH: World Stock Markets Up Across the Board

Early Monday, President Trump said he is optimistic that a final trade deal could be reached with China and that he would hold a Summit to sign any pact, but cautioned an agreement may still not happen.

Speaking at the White House a day after signaling that he planned to meet with Chinese President Xi Jinping to conclude any deal, President Trump told a group of US Governors that while a US-China trade pact could happen soon, a deal also may not be reached.

“It might not happen at all, OK? Might not happen at all, but I think it’s going to happen and it could happen fairly soon. The relationship is great, we are very, very close,” he said.

Sunday, President Trump said he would delay an increase in US tariffs on $200-B worth of Chinese imports, set for Friday, due to “productive” trade talks. Assuming additional progress is made on both sides, Trump said he planned to meet with President Xi at his Mar-a-Lago estate in Florida.

World markets rose Monday after President Trump announced the delay in boosting tariffs, feeding investors’ hopes that the trade dispute between the world’s 2 biggest economies will soon be resolved.

America First!

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