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Trump sees "good signs" of reaching deal with China, ahead of his dinner with Xi

2018-12-01 1 Dailymotion

Hopes are rising that the United States and China might be able to resolve their deep differences over trade.<br />Presidents Donald Trump and Xi Jinping will meet in the next 24 hours or so for talks that could potentially bring an end to their trade war.<br />Cha Sang-mi reports.<br /> <br /> President Trump hinted he was positive about the prospect of reaching a ceasefire in his administration's trade war with China when he has dinner with Chinese President Xi Jinping on Saturday evening, local time.<br /><br /> "There are some good signs. We'll see what happens."<br /><br /> Speaking to reporters covering the G20 Summit in Buenos Aires on Friday,... President Trump said officials from both countries have been laying the groundwork for a possible deal.<br /><br /> "We've already spoken very hard. If we could make a deal, that would be good. I think we'd like to and we'll see. But we'll be meeting with President Xi in a little while, and for the most part tomorrow would be our big meeting."<br /><br /> This comes after U.S. Commerce Secretary Wilbur Ross said Trump and Xi would agree on a "framework" for further talks to resolve trade tensions.<br /> Financial markets celebrated the potential outcome, with U.S. stocks jumping on Friday and Chinese equities-trackers ETF and FXI performing much better than recent weeks. <br /> Yet investors say a desirable "deal" for markets would be where all further tariffs are put on hold and the two largest economies in the world sit down to negotiate an agreement.<br />Cha Sang-mi, Arirang News. <br />

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