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Trump says he hopes US-China trade deal will be signed by mid-November
CNBC
Sat, 19 Oct 2019 04:22

Trump says he hopes US-China trade deal will be signed by mid-November

CNBC
Sat, 19 Oct 2019 04:22

US President Donald Trump speaks as he arrives at Naval Air Station Joint Reserve Base Forth Worth in Texas on October 17, 2019.

Trump says he hopes US-China trade deal will be signed by mid-November


Nicholas Kamm | AFP | Getty Images
U.S. President Donald Trump on Friday said he thinks a trade deal between the United States and China will be signed by the time the Asia-Pacific Economic Cooperation meetings take place in Chile on Nov. 16 and 17.

Chinese Vice Premier Liu He will provide Beijings perspective on the progress of the talks in a speech on Saturday, according to a tweet from editor-in-chief of the Global Times, a tabloid published by the Peoples Daily of Chinas ruling Communist Party.
"I think it will get signed quite easily, hopefully by the summit in Chile, where President Xi and I will both be," Trump told reporters at the White House, without providing details.

"Were working with China very well," Trump also said.

The White House has announced that China agreed to buy up to $50 billion of U.S. farm products annually, as part of the first phase of a trade deal, although China seems slow to follow through.

The so-called phase 1 deal was unveiled at the White House last week during a visit by vice premier He as part of a bid to end a tit-for-tat trade war between Beijing and Washington that has roiled markets and hammered global growth.

U.S. officials said a second phase of negotiations could address thornier issues like forced technology transfer and non-financial services issues.