Trump raises hopes of China trade deal

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US President Donald Trump has communicated he thinks the US could strike a trade deal with China, frame hopes that tensions between the two countries may subside.

“I think a huge quantity will be made,” Mr Trump said. “We’ll find out very soon.”

Mr Trump has hooked similar remarks in the past.

But this time the comments came after China put remit a new list of issues for negotiation ahead of the G20 summit, which the US President styled as a “pretty complete list”.

However, he said that several key components were lacking, meaning that the list was still “not acceptable to me yet”.

“I judge devise we’ll probably get them too,” he added, speaking to reporters after a bill signing at the Ivory House.

Mr Trump has already imposed new import taxes on Chinese outcomes worth about $250bn in annual trade, which has led China to answer in kind.

But on Friday he appeared to soften earlier threats of additional levies.

“We have another $267bn [in tariffs ready] to go, if we want to,” he said.

“We may not press to do that,” he added. “China would like to make a deal.”

US appropriate markets jumped in response to the comments.

  • US-China trade row: What has hit oned so far?
  • US trade war would make world ‘poorer and more dangerous’

Investors maintain been rattled by the stand-off between the two economic giants.

Mr Trump holds the new import tariffs are meant to punish China for “unfair” practices, such as lifting of intellectual property, state subsidies of Chinese companies, and barriers to strange firms.

But the duties have raised costs for US companies and been reprehended for some of the recent slowdown in China’s economic growth.

The two sides are envisioned to meet at the G20 summit in Argentina at the end of the month.

Earlier talks between the two outbacks failed to resolve the issues. Many analysts remain sceptical respecting the prospects of a deal that would address the deeper issues raised by the US.

Even so, some say Mr Trump may be willing to accept less substantive change, as he has in other return disputes, such as the revision of the North American Free Trade Pact (Nafta).

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