President Trump said he believes that the United States and China are closer to a trade agreement after his meeting in Japan with Chinese President Xi Jinping.
‘I think so,’ Trump said when asked by Fox News on Sunday if he thinks he is closer to a deal with Beijing after meeting Xi.
‘We had a very good meeting. He wants to make a deal. I want to make a deal.
‘Very big deal, probably, I guess you'd say the largest deal ever made of any kind, not only trade.’
President Trump told Fox News on Sunday that he is optimistic about striking a trade deal with China
Trump said he is confident thanks to his strong relationship with his Chinese counterpart.
‘We got along very well,’ Trump said. ‘We understand each other.’
The president said his meeting with Xi during the G20 summit in Osaka this weekend was ‘excellent’ and that the two countries were now ‘back on track.’
While Trump sounded optimistic, the Chinese warned that obstacles to a deal remain.
China and the U.S. will face a long road before they can reach a deal to end their bitter trade war, with more fights ahead likely, Chinese state media said after the two countries’ presidents held ice-breaking talks in Japan.
The world’s two largest economies are in the midst of a bitter trade war, which has seen them level increasingly severe tariffs on each other’s imports.
In a sign of significant progress in relations on Saturday, Xi and Trump, on the sidelines of the G20 summit in Osaka, agreed to a ceasefire and a return to talks.
However, the official China Daily, an English-language daily often used by Beijing to put its message out to the rest of the world, warned while there was now a greater likelihood of reaching an agreement, there’s no guarantee there would be one.
The president said his meeting with Xi during the G20 summit in Osaka this weekend was ‘excellent’ and that the two countries were now ‘back on track.’ Trump and Xi are seen above in Osaka on Saturday
'Even though Washington agreed to postpone levying additional tariffs on Chinese goods to make way for negotiations, and Trump even hinted at putting off decisions on Huawei until the end of negotiations, things are still very much up in the air,' it said in an editorial late Saturday.
'Agreement on 90 percent of the issues has proved not to be enough, and with the remaining 10 percent where their fundamental differences reside, it is not going to be easy to reach a 100-percent consensus, since at this point, they remain widely apart even on the conceptual level.'