Trump predicts finalized trade deal with China to be close

Trump predicts finalized trade deal with China to be close

"Both leaders attach great importance to China-U.S. ties and economic ties", Lu 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.

"It is possible some good positive things could - I say could - come out of President Trump-President Xi talks".

President Donald Trump's newfound zeal to resolve his trade war with China risks hitting some familiar obstacles, including himself.

Trump has railed against the USA trade imbalance with China since his presidential campaign, and his administration has grown increasingly vocal about calling out alleged corporate espionage and intellectual property theft by Chinese entities.

Trump said if the United States could strike a fair deal with China that would open up its market, he would be very willing to do so.

According to a report by state broadcaster CCTV, Li said China and the USA had benefited from cooperation, and that they should respect each other's core interests and concerns. But Kudlow cautioned that Trump would "aggressively" pursue his agenda against China if no deals were reached on intellectual property theft, cybersecurity and tariffs on commodities, among other issues.

A Justice Department indictment targeted two companies based in China and Taiwan and three individuals, saying they conspired to steal trade secrets from USA semiconductor company Micron Technology Inc.

Apple's $1 trillion value at risk after earnings stumble
The flat sales of iPhones and yet the increased revenue shows that Apple is earning by increasing the price of the devices. Brand new iPad Pros and MacBook Airs were introduced just this week and they are even bringing back the Mac Mini .

Mr Xi also emphasised creating a fair and competitive environment and tasked local governments with "correcting" the behaviour of certain government departments, as well as large companies that use their dominance to "bully" smaller ones.

His administration has demanded that Beijing make sweeping changes to its policies on intellectual property protections, technology transfers, industrial subsidies and domestic market access, along with steps to reduce a $375 billion United States goods trade deficit with China.

But Trump struck a more affable tone on Twitter after the phone call with Xi.

A telephone call between Presidents Xi Jinping and Donald Trump might have increased the possibility of a truce in the trade war, but the strategic dispute between Beijing and Washington is a long way from being resolved, according to a Chinese government adviser and other observers.

China has repeatedly questioned the US's sincerity in trade talks, wary of agreeing to something only to have Trump change his mind. "Those discussions are moving along nicely with meetings being scheduled at the G-20 in Argentina".

Earlier on Thursday, Chinese Premier Li Keqiang told a group of visiting US politicians that China and the United States could overcome their differences and get relations back on track if they worked together in a spirit of mutual respect.

The comments follow on from months of tit-for-tat actions taken both by Washington and Beijing, which has amounted to billions of pounds' worth of tariffs being imposed on exported goods.

On Thursday, a delegation of Republican senators discussed bilateral relations with Chinese Premier Li Keqiang in Beijing.

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