Optimistic about deal: Trump expects China trade war decision within four weeks

Sergio Conner
March 16, 2019

Trump imposed tariffs on imported steel and aluminum in the name of national security, but those tariffs have led to a series of retaliatory tariffs from Canada and Mexico targeting farm country.

For now, Beijing made no reference to a Trump-Xi summit at the Mar-a-Lago Such summit is unlikely to happen this month.

US stocks were little changed in late afternoon trading on Thursday amid uncertainty over when a trade deal between the United States and China would be reached. "We can have the deal completed and come and sign or we can get the deal nearly completed and negotiate some of the final points", Trump said during a press conference at the White House.

The Trump administration is discussing a thick tome of ideas with Chinese officials as the two sides seek a trade deal, with Washington expecting some elements to be resolved soon, a top administration official said, Trend reports referring to Reuters. "We're getting what we have to get, and I think we're getting it relatively quickly".

David Banks, former adviser to USA presidents Donald Trump and George W. Bush, told Sputnik that he did not believe that any long-term trade agreement between the United States and China would come to pass.

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Moreover, China and the USA have previously stated that the trade talks are going well and predicted that the trade war is ending soon. It's got to be the right deal, and it's got to be a good deal for us.

As per Bloomberg, while the officials previously stated that there has been a lot of progress in the trade talks, the summit that will have Trump and Jinping signing an agreement will not happen this month anymore.

"We're doing very well with China talks", Trump told reporters at the White House on Thursday as he sat down to meet Irish Prime Minister Leo Varadkar. "But it doesn't matter that much". China would like to make a deal and we'd like to make a deal. "We have other deals that we have cooking", he said. He added that China had been "very responsible and very reasonable".

"As to whether or not we'll strike a final deal, that I would never want to say", Trump said on Thursday.

Any deal will have a "very clear enforcement provision", Treasury Secretary Steven Mnuchin said in congressional testimony on Thursday, noting that he and Lighthizer spoke the night before with Chinese Vice Premier Liu He.

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