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Trump says U.S., China ‘very, very close’ on trade deal

World Business

Trump says U.S., China ‘very, very close’ on trade deal

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US-China trade deal

U.S. President Donald Trump on Monday said he was optimistic that a final trade deal could be reached with China and that he would hold a summit to sign any pact.

Trump, however, cautioned an agreement may still not happen.

Trump, speaking at the White House a day after signaling that he planned to meet with Chinese President Xi Jinping to conclude any deal, told a group of U.S. governors that while a U.S.-China trade pact could happen soon, a deal also may not be reached.

“It might not happen at all, okay? Might not happen at all, but I think it’s going to happen and it could happen fairly soon.

“The relationship is great, both sides were very, very close,’’ the Republican U.S. president added.

On Sunday, Trump said he would delay an increase in U.S. tariffs on 200 billion dollars worth of Chinese imports, set for Friday, due to “productive” trade talks.

Trump, assuming additional progress is made on both sides, said he planned to meet with Xi at his Mar-a-Lago estate in Florida.

World markets rose after Trump announced the delay in boosting tariffs, feeding investors’ hopes that the trade war between the world’s two biggest economies could soon be resolved. (Reuters/NAN)

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