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Donald Trump claims Chinese trade deal is 'very close'

WASHINGTON – President Donald Trump said Thursday he hopes to have a major new trade deal with China in four weeks – "maybe less, maybe more, whatever it takes."

"We are rounding the turn, we'll see what happens," Trump told reporters before meeting with Liu He, the Chinese vice premier and trade negotiator who has been meeting with U.S. officials this week in Washington.

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Trump hopes to meet soon with Chinese counterpart Xi Jinping to nail down the details of a new trade agreement between the countries – an agreement being designed to head off the tariff-fueled trade war between the U.S. and China that has stressed financial markets worldwide.

"If we have a deal, we'll have a summit," Trump said, adding that the two sides are "very close."

 

Earlier Thursday, Trump said the Chinese "very much want to make a deal ... We’ll see what happens. It’s got to be a great deal."

The United States wants China to change its trade rules to provide more protections for intellectual property, and to make it easier for U.S. businesses to operate in China.

The U.S. also wants China to buy more American goods and open more markets to American companies.

Each country wants the other to reduce tariffs on the other's favored goods, a tit-for-tat trade war that has raged for more than a year.

Trump had hoped to meet with Xi at Mar-a-Lago in late March, but negotiators were unable to agree on details.

China wants to hold off until an agreement is complete.

Calling it the biggest trade deal ever – "the granddaddy of 'em all" – Trump said the proposed agreement with China involves agriculture, technology and intellectual property theft, among other items – "everything is covered."

Trump also said, "we’re going to make a very good deal or we’re not going to make a deal at all. But it looks like it is moving along very nicely.”

 

 

Original post can be found at USA Today