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Trump announces "signing of summit" for inevitable trade with China



This was another optimistic message from the American president that the long deadlock in trade, which led to a number of tariffs, could finally come to a close when the negotiators approach the 90-day deadline of March 1.

"I told you last night – it was a great dinner – but I told you how well we did with our trade negotiations in China and it seems they will come back soon again, and we" I'm going to have another summit, we going to have a summit signing that's even better so we hope we can get that completed but we get very, very close, "Trump said the governors of the nation in White

In the evening on Sunday in Tweets Trump wrote that he will delay the increase of tariffs for Chinese goods, which will begin to act at 12:01 on Saturday, a link some on "substantial progress" in addressing priority issues for the administration related to the transfer of intellectual property and technology after the initial talks [19659004] The US president also proposed the prospect of holding a "deal" with the Chinese company Xi if it continues.

He did not specify how long it would take to continue the trade truce or when the summit could be scheduled. During a meeting with Chinese Vice President Liu in the Oval Office he proposed that it be held in March in Mar-La-Lago, Florida.

The Trump administration plans to increase its $ 200 billion tariffs. Chinese goods from 10% to 25% this weekend if they could not make an agreement.

"China now pays billions and billions of dollars a month, I love it personally, I love it, but it hurts them," said Trump and then talked about his case with fentanyl Xi. Fentanyl is a substance associated with the epidemic of overdose deaths in the United States, which is a priority issue for Trump administration.

During the weekend, Chinese trade talks responded to Trump's remarks. "have made significant progress on specific issues," the statement read out in Xinhua, the state news agency of China, said.

  Trump predicts & # 39; very good chances & # 39; China Trade Agreement

Two countries are progressing in the formation of memoranda of understanding in six areas: non-tariff barriers, coercive technology transfers, intellectual

Trump praised on Sunday in the evening on the ball of this year's governor, his main trade negotiator Robert Laighiger and finance minister Stephen Mnuchin for the progress made after the talks. The week in Washington was extended by two and a half days.

His comments followed the tense of time between Trump and Lightgirl through the use of the term "memorandum of understanding" to refer to a trade agreement between the United States and China

"I do not like the Memorandum of Understanding, because they do not mean anything … I I think it's better for you to go to the document, "Trump told journalists on the eve. "I have never been a fan of the Memorandum of Understanding."

Lighthizer seems to have diverted Trump from his understanding of the use of the term, describing it as a "contract," a legal term historically used to refer to trade agreements.

But Trump was still not satisfied, disagreeing with his American sales representative to journalists. "For me, the final contract is really a thing, Bob. And I think that you mean that, too, it's really something that means something."

To which, Lighthizer agreed, saying that he would use the term "trade agreement". "Instead."

"I like it much better," replied Trump.

Mayan Vazquez from CNN and Eric Chung contributed to this report.


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