US, China say they are in no hurry for trade deal

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Trump says Xi wants to make a deal much more than he does. FMTNews

US president Donald Trump says the trade deal with China could be ‘very close’.

In Beijing on Friday, President Xi Jinping said China wants a deal but is “not afraid” to “fight back” if necessary. The Huawei controversy, in particular, has landed squarely in the middle of the trade conflict, raising the question of whether Trump could offer some concessions on access to the US market to grease wheels in the trade negotiations.

China has called for a rollback of existing tariffs, to which Trump has said he did not agree. American officials want large purchases of US farm exports. Trump has fostered distrust among the Chinese, making Xi “very determined that there is no point to really give up much,” Choyleva told AFP at the New Economy Forum.

“I believe key to minimising conflict is if we can develop shared standards for emerging technologies,” he said.

 

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For the sake of Asia Pacific he gestured this, not because YOU Yankee!

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