China says Xi-Trump phone call 'quite positive'

Трамп США еще могут заключить сделку с Китаем

Bloomberg later reported, citing people familiar with the matter, that Trump wants to reach a trade agreement with China at the G-20 meeting and that after the call with Xi he had asked officials to begin drafting potential terms. The conversation was mainly about trade, but also about North Korea. "We are not on the cusp of a deal", Kudlow said.

The two leaders agreed the trade dispute "should be handled properly through substantial consultation", Lu said.

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.

"This is pre-election hype created to make the markets happy; there is no imminent deal with China", Greg Valliere, the chief global strategist at Horizon Investments, told Business Insider.

Trump imposed new tariffs on roughly half of Chinese imports this summer while Beijing fired back with tariffs on most U.S. products.

He also confirmed information about that at the summit of "Big twenty" in Argentina, he is going to meet with Chinese leader XI Jinping.

A US Embassy spokesman said on Thursday in Beijing that the Trump administration had no plans to send a high-level representative to the expo, adding that China needed to make the necessary reforms to end what the US says are unfair trade practices.

"We've talked about trade".

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The United States attaches importance to U.S.

WASHINGTON, Nov 2 - 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.

It is very important for the heads of state of the United Stats and China to keep frequent, direct communication, Trump said, and he and Xi should keep in touch with each other.

U.S. President Donald Trump has long threatened to impose tariffs on all US$500 billion-plus goods imports from China if Beijing fails to meet his demands for sweeping changes to its policies on intellectual property, technology transfers, industrial subsidies and local market access.

After the bell, though, shares of Apple tumbled about 7.0 percent after it said sales for the crucial holiday quarter could miss Wall Street expectations due to weakness in emerging markets and foreign exchange costs.

James Zimmerman, a partner with the Beijing office of law firm Perkins Coie and former chairman of the American Chamber of Commerce in China, questioned Trump's sincerity with regards to a possible trade deal.

"There's no massive movement to deal with China", he said.

The United States has imposed tariffs on $250 billion worth of Chinese goods so far, while China has retaliated with $110 billion worth of tariffs on U.S. goods. I think we have a long way to go.

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