US, China trade talks could wrap in four weeks: Trump
US President Donald Trump said yesterday that the United States and China could wrap up trade talks within four weeks after making quick progress on the potentially "epic" deal. "We are getting very close to making a deal," he said ahead of a White House meeting with Chinese trade envoy Liu He. "Progress is being made at a very rapid pace," said the president.
Deal would allow summit with Chinese President Xi, said Trump
The US President said, "We will probably know over the next four weeks. It may take two weeks after that... It's looking very good." He further said that a deal would allow a summit between him and Chinese President Xi Jinping. Earlier, Trump said that the negotiations between the two countries were for an agreement covering the full range of US concerns.
If it's not great, we're not doing it: Trump
Referring to the scope of US demands, Trump said, "Everything is covered". "It's got to be a great deal," he said adding, "If it's not a great deal, we're not doing it." Trump said there was potential for an "epic" and "historic" agreement.
Trump launched a trade war on China last year
Last year, Trump launched a trade war with China, seeking to slash that country's soaring trade surplus with the US, end alleged unfair-trade practices such as the theft of American-technology and China's massive state intervention in markets. Washington and Beijing have slapped tariffs on more than $360 billion in two-way trade, biting into their manufacturing sectors as the world economy shows signs of slowing.
