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profishingrods.com November 14, 2018


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 a.m.in Washington (12:30 p.m.in 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.



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