Trump says ‘big progress’ on possible China trade deal

‘Deal is moving along very well’, US President tweets

A meeting between US President Donald Trump and President Xi Jinping of China in April 2017. File photograph: The New York Times
A meeting between US President Donald Trump and President Xi Jinping of China in April 2017. File photograph: The New York Times

US President Donald Trump has said he had a "long and very good call" with Chinese President Xi Jinping and that a possible trade deal was progressing well.

He made the comments about a deal between the United States and China on Twitter on Saturday.

As a partial shutdown of the US government entered its eighth day, with no quick end in sight, the Republican president was in Washington, sending out tweets attacking Democrats and talking up possibly improved relations with China.

The two nations have been in a trade war for much of 2018 that has seen the flow of hundreds of billions of dollars worth of goods between the world’s two largest economies disrupted by tariffs.

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Trump and Xi agreed to a ceasefire in the trade war, agreeing to hold off on imposing more tariffs for 90 days starting on December 1st while they negotiate a deal to end the dispute following months of escalating tensions.

“Just had a long and very good call with President Xi of China,” Trump wrote. “Deal is moving along very well. If made, it will be very comprehensive, covering all subjects, areas and points of dispute. Big progress being made!”

Chinese state media also said Xi and Trump spoke on Saturday, and quoted Xi as saying that teams from both countries have been working to implement a consensus reached with Trump.

Chinese media also quoted Xi as saying that he hopes both sides can meet each other half way and reach an agreement that is mutually beneficial as soon as possible.

Having cancelled his plans to travel to his estate in Florida for the holidays because of the government shutdown that started on December 22nd, Trump tweeted, “I am in the White House waiting for the Democrats to come on over and make a deal.”

The Republican-controlled Congress was closed for the weekend and few lawmakers were in the capital.

The shutdown, affecting about one-quarter of the federal government including 800,000 or so workers, began when funding for several agencies expired.

Congress must pass legislation to restore that funding, but has not done so due to a dispute over Trump’s demand that the bill include $5 billion in taxpayer money to help pay for a wall he wants to build along the border between the US and Mexico. – Reuters