Trump Confident of Fair Trade Deal with China

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Xinhua, China's state news agency, reported on Friday that Trump had told the Chinese leader that "he looks forward to meeting Xi during the G20 summit so they can have an in-depth discussion about some major issues".

President Trump said a deal with China would also be good for Beijing.

The meal would give the two leaders more time to talk and create an atmosphere more conducive to negotiations, the sources said.

It was "hard to know what Trump wants most from China" because of a fragmented administration that had yet to strike a balance among the priorities of various vested interest groups, he said. Beijing would be unwilling to risk jeopardising its improving relations with Pyongyang and as a result had "very few tools to work with", he said.

The Trump administration has imposed tariffs on $250 billion worth of Chinese goods, and Trump has suggested that tariffs could be coming for all other Chinese imports, worth as much as $267 billion, not now subject to duties.


Trump is scheduled to meet the Chinese President Xi Jinping in Argentina on the sidelines of the G-20 Summit on November 30 and December 1. It also fuelled speculation that Chinese Vice-Premier Liu He's trip to the U.S., which had originally been scheduled for September but was cancelled due to the escalation of the trade dispute, might be back in the cards.

Isaac Boltansky, a policy analyst at the research and trading firm Compass Point, told Business Insider that the complexity of the issues the U.S. and China are discussing - intellectual property rights, Chinese laws restricting how United States companies can operate in the country, and more - make a deal hard.

"We've had very good discussions with China".

"Xi noted in the conversation that China has repeatedly made clear its stance on bilateral ties, and hopes that both countries will promote a healthy, stable development of bilateral ties", Xinhua said of the call.

"He wants to do it", Trump said of Xi.


Earlier this week, prosecutors announced an indictment against 10 defendants, including two Chinese intelligence officers and other computer hackers and co-conspirators, who are all accused of breaking into American company computers to steal data on a turbo fan engine used in commercial jetliners.

"There's no massive movement to deal with China", he said.

China and the United States are locked in an increasingly bitter trade war, and have placed tariffs on some of each others' imports.

The two nations had already imposed tariffs on Dollars 50 billion of each other's goods before the September sanctions. "I think only they can break the logjam". According to Trump, a lot of progress has already been made to help resolve the dispute between the two superpowers.


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