Trump making HUGE Progress on Trade with China
In a tweet on Saturday, President Trump announced that he had recently spoken with China’s President Xi Jinping, which he said went well, and reported that “Big progress” is being made regarding ongoing trade negotiations between the two countries.
“Just had a long and very good call with President Xi of China,” said Trump, who said negotiations are “moving along very well.”
Later in the day, President Xi reportedly echoed similar sentiments, stating his desire for a more unified US-China trade relationship, amid ongoing negotiations and tariffs.
Throughout 2018, both the US and China have traded punitive tariffs on goods, with President Trump increasingly demanding an overhaul of existing trade policies, which he as continued to assert are “unfair” towards the US.
President Donald Trump said on Saturday he’d spoken at length with Chinese President Xi Jinping and that “big progress” is being made toward a deal between the world’s largest economies.
The agreement will be “very comprehensive” and will cover “all subjects, areas and points of dispute,” the president, who’s spending the weekend in Washington, said in a tweet.
Trump’s comment comes as a U.S. trade delegation prepares to travel to Beijing in early January for talks with Chinese officials. It’s another sign that tensions may be cooling after months of brinkmanship, and that the leaders are following through on commitments made at their dinner meeting in Buenos Aires on Dec. 1.
Xi said both he and Trump hope to push for “stable progress” in U.S.-China relations, and that bilateral ties are now at a vital stage, according to a Xinhua News Agency report on the leaders’ phone call.
Xi added that he and Trump discussed various international and regional issues, that China supports further talks between the U.S. and North Korea, and hopes for positive results, Xinhua reported.
It was unclear who initiated Saturday’s call. The White House, which typically doesn’t release details of Trump’s calls with foreign leaders beyond what the president reveals himself, didn’t immediately respond to a request for comment.
Bloomberg News reported on Thursday that a U.S. government delegation will travel to Beijing in the week of Jan. 7 for talks, according to two people familiar with the plans.
Deputy U.S. Trade Representative Jeffrey Gerrish will lead the team, which will also include Treasury Under Secretary for International Affairs David Malpass, according to the people, who spoke on the condition of anonymity. U.S. Trade Representative Robert Lighthizer, whom Trump named to be in charge of the China talks, isn’t scheduled to join the delegation.