Trump says a trade deal with China is still ‘possible’ after Xi Jingping sent him a ‘beautiful letter’, Defence Online

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US President Donald Trump and China’s President Xi Jinping.

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Thomas Peter – Pool/Getty Images

President Donald Trump reported on Thursday that a trade deal with China is still “possible” this 7 days, describing that Chinese President Xi Jinping wrote him a “beautiful letter” contacting on each sides to work collectively.

“He just wrote me a beautiful letter,” Trump informed reporters on Thursday. “Let’s get the job done alongside one another. Let us see if we can get a thing finished.”

Delegations from the world’s two largest economies are assembly in Washington to hash out a continue to unfinished trade offer. Chinese Vice Premier Liu He arrived in Washington this week for the 11th round of talks as both equally sides are still locked in an intensifying trade war.

The US increased tariffs from 10% to 25% on $200 billion really worth of Chinese goods just immediately after midnight on Friday. The tariffs goal chemical substances, building components, purchaser electronics, and other goods. Following the tariff increase, the Affiliated Push documented that China stated it would acquire “necessary countermeasures” in reaction facts had been not offered.

Go through a lot more: China denies blowing up trade talks with the US hours in advance of Trump’s new tariffs drop

Equally sides unsuccessful to attain a deal on Thursday to avert the transfer but agreed to carry on talks on Friday.

“We ended up having very shut to a deal, then they commenced to renegotiate the offer,” Trump explained to reporters on Thursday. “So I have no idea what is heading to happen.”

The Trump administration has reported the boost stems from China backtracking on former trade agreements. A spokesperson for the Chinese Ministry of Commerce denied the United States’ statements and claimed China “keeps its claims.”

Sources advised Reuters that a past draft of the deal showed China had pushed back again on various key US complaints, which include intellectual home theft, pressured technological know-how transfers, and forex manipulation.

“And I like the president a good deal,” Trump explained of Xi. “He’s a buddy of mine. But I’m symbolizing the United states, and he’s representing China. And we’re not likely to be taken edge of anymore.”

Chinese state media on Thursday released a scathing editorial, which explained China was “well-prepared” for US trade escalation.

“A assortment of ideas are in put, these types of as countermeasures for any tariff increase, and favorable policies to limit losses for Chinese enterprises,” Communist Celebration tabloid International Moments explained in an editorial.

“Mentally and materially, China is much superior geared up than its US counterpart.”

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