Trump coy on China trade deal before meeting Xi

30 November, 2018, 03:34 | Author: Mable Gonzales
  • New Tariffs Could Hit Laptops, iPhones, Trump Says

Trump added Thursday that "I don't know if I want to do it", and that "I like the deal we have now", in remarks to reporters at the White House prior to departing for this week's summit in Buenos Aires, Argentina.

Trump on Thursday also reiterated that USA tariffs were generating tax revenues: "What we have right now is billions and billions of dollars coming into the United States in the form of taxes", he said.

In what was billed as a major policy speech on October 4, US Vice President Mike Pence escalated Washington's trade-driven pressure campaign, highlighting Chinese military and industrial espionage activity and accusing China of "malign" efforts to undermine Trump in the November 6 mid-term congressional elections.

Trump and Xi were scheduled to meet on Saturday to discuss trade amid increasing tensions between the world's top two economies. Another official said Navarro's addition was meant to send a message to China about the administration's resolve on trade. I just wanted to make sure, as did other MP's and Senators, is that what's happening here is also happening to the United States", says Rota."The tariffs are affecting not only Canadian companies, they're affecting American companies, and we heard that from members of Congress as well as the senators.

However, U.S. companies and consumers are bearing part of the cost by paying higher prices for the goods.

Mr Morrison met US Vice-President Mike Pence during the Asia Pacific Economic Cooperation summit in Papua New Guinea earlier this month and Australian officials were not expecting a bilateral meeting with Mr Trump in recent days.

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En route to Argentina, Xi vowed on Wednesday that China would "make a lot of efforts to speed up market access, improve the investment environment and increase protection of intellectual property".

US and Chinese officials have been working for weeks on the contours of a possible deal for the two leaders to be announced following their dinner on Saturday on the sidelines of the Group of 20 summit in Buenos Aires and a road map for talks to follow. I'm open to making a deal.

"I hope that the United States and China could move towards each other and work hard to achieve positive results in the meeting", Gao said without elaborating.

A Reuters poll on Wednesday showed China's factories likely struggled to grow for a second straight month in November as cooling demand at home and the threat of higher US tariffs stifled new orders.

The foreign ministry said in a statement that PM Modi would meet Chinese president Xi Jinping and German chancellor Angela Merkel on the sidelines of the event.

The U.S. and China, the world's largest economies, have been locked in a tit-for-tat tariff battle this year.

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