WASHINGTON - President Donald Trump said Thursday that trade war negotiations with China should wrap up within four weeks and expressed optimism about striking a deal.Later, at a Saint Patrick's Day celebration in the White House with the Irish Prime Minister Leo Varadkar, Trump predicted results in the near future.
Despite Trump's upbeat assessment, the two sides continue to lock horns on the hugely complex dispute between the world's biggest economies. Earlier this week, Trump said there was still no plan for him to hold a summit with Chinese leader Xi Jinping.Treasury Secretary Steven Mnuchin told a congressional committee earlier Thursday that he expects the deal to be finalised soon, but cautioned that the process is complex.
Trump had said he expected to hold a summit with Xi Jinping late this month at his Florida golf resort. China is pressing for a formal state visit, which traditionally takes place in Washington, rather than a lower-key appearance just to sign a trade deal, the person said. US Trade Representative Robert Lighthizer this week pointed to “major issues” still unresolved in the talks, with few signs of a breakthrough on the most difficult subjects.
Trump himself has dialed down the urgency of getting a deal signed as early as this month. He acknowledged concerns in Beijing about the possibility of him walking away from a trade deal, offering to push back a summit with Xi until a final agreement is reached.
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