Trump says US-China trade talks 'going well'


WASHINGTON, DC, USA - President Donald Trump on Wednesday, January 30, touted the chances of success as US-China trade negotiations entered a second day, saying Beijing was eager to make a deal.

USA and Chinese negotiators start two days of high-level talks Wednesday aimed at settling a six-month trade war that has weakened both sides, shaken financial markets and clouded the outlook for the global economy.

"Meetings are going well with good intent and spirit on both sides", Trump said in a tweet Thursday.

China has invited Trump to meet Xi next month in an effort to resolve the trade conflict, the Wall Street Journal reported on Thursday, citing people briefed on the negotiations.

"If we can, I'd like to accommodate China if we can get the deal done", Trump said from the Oval Office.

By declaring that "NOTHING" would be left unresolved he also set a high bar for what could be accomplished in the next month before a March 1 deadline when tariffs on $200 billion in Chinese imports are set to more than double.

"There's question marks about the location and question marks about the timing", said Brilliant, adding that the visit could even occur after the March 1 deadline, after which the United States is expected to increase tariffs on US$200 billion of Chinese imports from 10 to 25 per cent if a deal is not reached.

"Hopefully, they're going to buy lots of corn and lots of wheat and lots of everything else that we have, but they're also talking heavy technology, heavy manufacturing services and everything else", Trump said.

The president said the deal he wants will either be "a very big deal" or "it's going to be a deal that we'll just postpone for a little while".

While no formal meeting has been announced, CNBC reported us and Chinese officials are seeking to arrange a summit between the leaders in late February.

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There has been little outward indication of friction in the talks in Washington caused by USA criminal charges on Monday against Chinese telecommunications equipment maker Huawei Technologies Co Ltd and its chief financial officer, Meng Wanzhou, accusing them of conspiring to violate US sanctions on Iran.

The Chinese delegation will be led by Vice Premier Liu He, a close economic adviser of Mr Xi, and central bank governor Yi Gang.

Trump has threatened to extend the tariffs to an additional $267 billion in Chinese goods. Two White House officials said it was likely Liu would extend an offer for Trump to meet with Xi in China.

China's top economic official Vice Premier Liu He is part of the delegation in the U.S. January 30 and 31.

China did offer at that meeting to go on a six-year buying spree to ramp up imports from the USA, which was met with scepticism from The Trump administration.

A Chinese delegation is in Washington this week to discuss the broad strokes of an agreement to end the trade war the two countries have fighting for almost a year.

Chinese officials deny that their policies coerce technology transfers.

US officials insist that the Huawei case is entirely separate from the trade negotiations.

Chinese officials are resistant to the wholesale changes sought by the U.S. and the charges against Huawei - one of China's biggest and most successful technology firms - have added to the political tensions. They have emphasized steps already taken, including reduced automotive tariffs and a draft foreign investment law that improves access for foreign firms and promises to outlaw "administrative means to force the transfer of technology".