Trump predicts U.S. will reach a trade deal with China

By Kitco News / November 02, 2018 / www.kitco.com / Article Link

WASHINGTON (Reuters) - U.S. President Donald Trump said on Friday that a lot of progress had been made with China on trade, and he predicted the world’s two largest economies would reach a very good deal.

Speaking to reporters at the White House before departing for a campaign event, Trump confirmed that he would meet with Chinese President Xi Jinping when they are in Argentina for a Nov. 30-Dec. 1 summit of the Group of 20 nations.

“We’ve had very good discussions with China. We’re getting much closer to doing something,” Trump said. “They very much want to make a deal.”

“I think we’ll make a deal with China and I think it will be a very fair deal for everybody,” he added.

Earlier, the White House’s top economic adviser, Larry Kudlow, said the United States and China were not close to a deal to resolve their trade differences, and he was less optimistic than previously that such an agreement would come together.

Trump said if the United States could strike a fair deal with China that would open up its market, he would be very willing to do so. He said trade would be a topic when he gets together with Xi over dinner.

Reporting by Roberta Rampton; Writing by Tim Ahmann; Editing by David Gregorio and Tom Brown

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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