March 18, 2019

Trump Hints China Trade Moves for Argentina G20 After Xi Call

03 November 2018, 11:47 | Joann Bryant

Changing China's economic model might ease external and domestic pressures on the economy

Changing China's economic model might ease external and domestic pressures on the economy

As reported by our site with reference to Voice of America, this statement was made by the President during a conference at the White house.

Xi said he was "very happy" to talk to Trump again and attaches "great importance to good relations with the president", according to China's official Xinhua news agency.

The two countries have been locked in an escalating trade war this year, with each side imposing tariffs on hundreds of billions of dollars' worth of imports from the other.

U.S. stocks could get a further boost when the latest data on nonfarm payrolls is released at 8:30 Washington (12:30 London).

The major financial headline on Friday is that Trump has asked the cabinet to draft a possible trade deal with China - something that if occurred, would be welcome news for financial markets across the globe.

White House economic adviser Larry Kudlow said at an event in Washington that Trump and Xi might be able to break the logjam on issues during the summit.

Alexander said he would be discussing trade with Li, though neither of them mentioned the ongoing tariff war in remarks in front of reporters.

Team Trump on Friday threw cold water on reports that the administration was close to cutting a trade deal with China.

Trump sounded very optimistic about reaching a trade deal with China, or else, he warned, he was ready to impose a trade tariff of 25 per cent on another Dollars 267 billion worth of Chinese products.

US President Donald Trump and Chinese President Xi Jinping have expressed optimism about resolving their bitter trade disputes ahead of a high-stakes meeting planned for the two leaders at the end of November in Argentia.

The pound dipped but held most of its gains after a report that British Prime Minister Theresa May had reached a post-Brexit deal with Brussels securing access to the European Union for Britain's key finance sector.

Meeting a group of Republican lawmakers in Beijing, China's Li noted the China-U.S. relationship's "ups and downs" over the past four decades of diplomatic ties.

For example, it's unknown whether he is considering relenting on his administration's hard line against China's theft of U.S. intellectual property, which one of the people said remains a key sticking point in any potential deal. It "likely reflects the fact that businesses in the U.S. are starting to feel the impact of the trade conflict through higher prices and squeezed margins", she said.

President Xi Jinping has promised tax cuts and other help to China's entrepreneurs in a renewed effort to revive growth in a cooling, state-dominated economy amid a mounting tariff battle with Washington.

Other News

Trending Now

Indonesian crews recover black box from crashed jet
The Australian government has meanwhile advised travellers against taking flights offered by the low-priced carrier Lion Air . A navy official told Indonesian reporters they'd also found the aircraft's fuselage in the waters off the Indonesian capital.

China Seeks to Export Internet Controls, Expands Surveillance At Home
The data shows how internet freedom has seen an impact with increased government control. Most of these events were reported in nations such as Myanmar, India, and Sri Lanka.

Barbra Streisand belts out hit songs in awesome Carpool Karaoke
It wasn't long before Streisand revealed how she doesn't drive much, and once accidentally drove onto the up ramp of a highway. Buy Streisand's new album Walls here . "The only thing I can do is write about it and tweet, people deserve the truth".

Early voting in Florida surges past 2014 totals
The Illinois State Board of Elections says almost 840,000 early votes had been cast statewide as of late Wednesday. In past presidential years, two-thirds to three-fourths of voters cast early ballots, de Leon said.

Bolsonaro To Merge Finance, Planning and Trade Into One Super Ministry
Brazil's election of the fringe, far-right politician Jair Bolsonaro means business as usual for German companies. Bolsonaro plans to be here November 6 to meet with outgoing President Michel Temer.

Alec Baldwin arrested for allegedly punching man in face over parking spot
Actor Alec Baldwin has been arrested for allegedly punching someone over a parking dispute in NY . Reporters were eager to get a response from President Trump after Alec Baldwin was arrested.

Joise Mourinho cleared of abusive language charge
Because I know very well the man, I know very well that he was really sorry. And so I think he will be able to do this. Everybody I think can make a mistake.

Khashoggi murderers left Turkey over Saudi King’s phone call: Opposition party leader
Erdogan said there was more to Khashoggi's death than just action by "a group of security officials", he said. Khashoggi's family have denounced any suggestion the journalist participated in Brotherhood activities.

VENICE UNDER WATER: 70% of city covered by flooding
A total of nine people have died in violent storms that have been battering the country since the weekend, Reuters reports. Regional governor Luca Zaia has warned that flooding could reach the levels of the disaster that struck the city in 1966.

Daniel Ricciardo committed to finishing season with Red Bull
Since that announcement, though, things have not been going too well for the Aussie, who has failed to finish in three of the races since the summer break.