US and China edge closer to 'epic' trade deal, says Trump

[New World Explorer]

President Donald Trump says the US has found agreement on some of the toughest points in trade talks with China.

He said a deal could come in the next four weeks, but added some sticking points remained.

The Chinese echoed the optimism, with President Xi Jinping touting substantial progress, according to the Chinese state news agency Xinhua.

The US and China have been in talks since December trying to end a trade war that is hurting the global economy.

Mr Trump said the US and China had agreed on "a lot of the most difficult points" but that "we have some ways to go".

He was speaking from the White House, before a meeting with Chinese Vice Premier Liu He.

The US president said if there was a deal, he would hold a summit with President Xi.

"This is an epic deal, historic - if it happens," said Mr Trump.

https://www.bbc.com/news/business-47729803

[stargazer]

Anytime the market falls Trump simply tweets something positive about a pending trade deal with China. Since Trump can't play this card if an actual deal is made, his incentive is not to make one! This is propping the US markets right now...

[Dustparticle]

LOL...Peace and Security!!!

[trottigy]

China knows it just needs to drag things along for another year and they'll get a new president that doesn't act like Trump.

 

I can't imagine they'll cave in to the demands being asked of them. The trade deficit between US and China hasn't gotten smaller during this time. Instead it has increased. The US buys 4 times as much from China than the US sells there.

https://www.thebalance.com/u-s-china-trade-deficit-causes-effects-and-solutions-3306277