Donald Trump confident of fair trade deal with China

05 November, 2018, 05:58 | Author: Frank Williams
  • U.S. President Donald Trump

China and the United States should work together to get their relations back on track, China's premier said in Beijing on Thursday, ahead of the USA midterm elections and a possible meeting between presidents Xi Jinping and Donald Trump.

WASHINGTON-The White House's top economic adviser said on November 1 that if China does not come up with a satisfactory offer to meet USA trade demands, then President Donald Trump will continue to aggressively pursue his agenda.

Trump said in a television interview on Monday he thinks there will be "a great deal" with China on trade, but warned that he has billions of dollars worth of new tariffs ready to go if a deal isn't possible.

"We do hope that China and the United States will meet each other halfway and work together in the spirit of mutual respect and equality", Li told Trump's fellow Republicans.

Later, the White House's Chief Economic Advisor, Larry Kudlow told reporters that the scheduled meeting between Trump and Xi would be more than formal on the sidelines of the G-20 summit and might include a dinner.

China and the United States are locked in an increasingly bitter trade war.

"I think we'll make a deal with China, and I think it will be a very fair deal for everybody, but it will be a good deal for the United States". China also said that the telephone conversation was "positive".

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President Donald Trump's newfound zeal to resolve his trade war with China risks hitting some familiar obstacles, including himself.

"We are changing them". Xi said later to be willing to meet Trump.

"Bilateral tensions over strategic issues such as Taiwan, the South China Sea and the arms race will continue and may be at risk of escalating", he said. "We are not on the cusp of a deal", Kudlow said.

Neither leader specified any details of potential progress in their first known direct discussion in several months.

Pompeo's comments were the latest slur to come out of Washington, which has accused Beijing of meddling in U.S. politics, conducting cyber espionage against aviation firms and hacking Trump's iPhone. But just this week, we indicted 10 Chinese for stealing intellectual property.

"China has been hurt over the last number of months".

He adds that any deal reached must be "fair".

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