Trump sees "good signs" of reaching deal with China, ahead of his dinner with Xi
- 5 years ago
Hopes are rising that the United States and China might be able to resolve their deep differences over trade.
Presidents Donald Trump and Xi Jinping will meet in the next 24 hours or so for talks that could potentially bring an end to their trade war.
Cha Sang-mi reports.
President Trump hinted he was positive about the prospect of reaching a ceasefire in his administration's trade war with China when he has dinner with Chinese President Xi Jinping on Saturday evening, local time.
"There are some good signs. We'll see what happens."
Speaking to reporters covering the G20 Summit in Buenos Aires on Friday,... President Trump said officials from both countries have been laying the groundwork for a possible deal.
"We've already spoken very hard. If we could make a deal, that would be good. I think we'd like to and we'll see. But we'll be meeting with President Xi in a little while, and for the most part tomorrow would be our big meeting."
This comes after U.S. Commerce Secretary Wilbur Ross said Trump and Xi would agree on a "framework" for further talks to resolve trade tensions.
Financial markets celebrated the potential outcome, with U.S. stocks jumping on Friday and Chinese equities-trackers ETF and FXI performing much better than recent weeks.
Yet investors say a desirable "deal" for markets would be where all further tariffs are put on hold and the two largest economies in the world sit down to negotiate an agreement.
Cha Sang-mi, Arirang News.
Presidents Donald Trump and Xi Jinping will meet in the next 24 hours or so for talks that could potentially bring an end to their trade war.
Cha Sang-mi reports.
President Trump hinted he was positive about the prospect of reaching a ceasefire in his administration's trade war with China when he has dinner with Chinese President Xi Jinping on Saturday evening, local time.
"There are some good signs. We'll see what happens."
Speaking to reporters covering the G20 Summit in Buenos Aires on Friday,... President Trump said officials from both countries have been laying the groundwork for a possible deal.
"We've already spoken very hard. If we could make a deal, that would be good. I think we'd like to and we'll see. But we'll be meeting with President Xi in a little while, and for the most part tomorrow would be our big meeting."
This comes after U.S. Commerce Secretary Wilbur Ross said Trump and Xi would agree on a "framework" for further talks to resolve trade tensions.
Financial markets celebrated the potential outcome, with U.S. stocks jumping on Friday and Chinese equities-trackers ETF and FXI performing much better than recent weeks.
Yet investors say a desirable "deal" for markets would be where all further tariffs are put on hold and the two largest economies in the world sit down to negotiate an agreement.
Cha Sang-mi, Arirang News.