Donald Trump talks ‘great deal’ with China to ease trade war tensions – for now
- ‘I think we’ll make a great deal with China, and it has to be great’ – Fox interview
- Stock markets respond with hopes for common ground in next month’s talks with Xi Jinping
US President Donald Trump said a “great deal” with China was around the corner, offering fresh hope there could be a way out soon for Beijing and Washington from their stalemate.
In an interview with Fox News, Trump said the US was going to “win” the trade battle with China. His comments coincided with confirmation from a Chinese diplomatic source that Trump and China’s President Xi Jinping will meet next month.
“I can make a deal right now, I just say they’re not ready,” Trump said. “I think we’ll make a great deal with China, and it has to be great.”
The comments immediately soothed market fears that the trade confrontation between the world’s two biggest economies would become more acute, with Asian markets mostly gaining on Tuesday.
Japan’s Nikkei index reported its biggest single-day gain since mid-August while China’s benchmark Shanghai composite index gained more than 1 per cent after Trump’s comments.
”The two presidents agreed to meet” on the sidelines of the G20 summit in Buenos Aires, a Chinese diplomatic source said on Tuesday, speaking in the US on the condition of anonymity. The South China Morning Post has previously reported that the bilateral meeting is scheduled for November 29.