U.S. President Donald Trump has expressed optimism about reaching a trade deal with China, despite the continued rigidity between the two global economic powers.
Trump said speech from the White House responded to reporters about contact with Chinese President Xi Jinping, Trump said
“Oh, we’re going to make an agreement. I think we’re going to make a lot of contracts with China.”
Although Trump has not provided details or a clear timeline on how to resume negotiations, his comments show willingness to break the deadlock.
Earlier the same day, China’s Ministry of Commerce called on the United States to no longer exert “extreme pressure” on the world’s second largest economy. Beijing stressed the need for mutual respect in any potential trade negotiations, although neither of the countries seem to agree with who should take the first step.
Although Trump has temporarily eased recent tariffs on goods from multiple trading partners, he is still imposing new import tariffs on Chinese products, totaling $145 billion.
