bodyType

customContents

entityId

entityUuid

articlePageQuery

filter

article

articleBaseAdvertisingInfoArticle

articleListArticle

articleSeoArticle

hooksArticleAcknowledgementGateOverlayArticle

hooksTrackPageViewArticle

hooksContentInterestArticle

articleLinkingDataContent

hooksAmpRedirectArticle

articleSchemaContent

liveArticle

advertZone

sentiment

contentLock

topics

types

sections

paywallTypes

createdDate

publishedDate

sponsorType

urlAlias

moreOnThisArticles

commentCount

authorLocations

authors

corrections

displaySlideShow

multimediaEmbed

printHeadline

seriesContainer

articleSpeeches

socialHeadline

headline

images

flag

firstTopic

glossary

flattenTypeIds

image

relatedLinks

relatedNewsletters

__typename

sponsor

pdfFiles

seriesReverseOrder

series

disableOffPlatformContent

published

updatedDate

summary

subHeadline

body

keywords

readingTime

customTimezone

liveContents

Teddy Ng

Negotiations between Washington and Beijing on reaching a trade deal to end their tariff war are going “very well”, United States President Donald Trump said on Friday.
Trump made the remarks in a meeting with Slovak Prime Minister Peter Pellegrini at the White House, as Chinese Vice-Premier Liu He prepares for the next round of talks in Washington next week.
“The deal itself is going along pretty well. I would even say very well. We’ll see what happens over the next couple of weeks,” Trump told reporters.
“But we’re getting close to a very historic, monumental deal. And if it doesn’t happen, we’ll be fine too. Maybe even better.”

Trump said the US was taking billions of dollars in tariffs from China.
“We’ve never taken in 10 cents from China, and now we’re taking in billions and billions of dollars. That’s had a very positive effect on things,” he said.
China, US focus on progress before latest talks
Trump said also that he and Russian President Vladimir Putin had discussed the possibility of extending their nuclear deal or creating a new one that included China.
“We’re talking about a nuclear agreement where we make less and they make less and maybe even where we get rid of some of the tremendous firepower that we have right now,” he said.
The Wall Street Journal reported last week that Liu would lead a delegation of more than 100 officials from over a dozen government agencies for the talks in Washington, which are set to start on Wednesday.

US Vice-President Mike Pence said on Friday that Trump was firm on his demands that China change its trade practices.
“The president believes we’re in a very strong position, we could put more tariffs on if we’re not able to reach an agreement. The manner in which tariffs would come off is going to be a part of the enforcement mechanism and all of that is the subject of negotiations as we talk,” he told CNBC.
“Forced technology transfers, intellectual property theft are a reality. President Trump has made it clear that things have to change with China on the structural issues as well as the trade imbalance and we’ll continue to stand firm on those”.
China, US urged to take each other’s demands seriously
US businesses are tempering their expectations that a trade deal with Beijing will force China to significantly cut back on its state subsidies.
Myron Brilliant, head of international affairs at the US Chamber of Commerce, said the talks were “certainly in the endgame” and that 94.5 per cent of the issues had been settled, according to his own estimates.
But the two sides were struggling to close the gap on several issues, including specifics on how the US and China would roll back a portion of the tariffs on a combined US$360 billion worth of goods, he said.
The two sides concluded their 10th round of talks in Beijing on Friday. US Treasury Secretary Steven Mnuchin described the meetings as “productive”, but both sides were tight lipped on the details of the negotiations.
Chinese state media said the lack of information suggested the talks were in their final stages and that officials were concentrating on difficult issues.


Chinese steel hit with duties of up to US$670 per tonne as Brazil dumping probe concludes

Does Trump’s retreat on electric vehicle policy risk ceding ground to China?

Secret nuclear testing claims, military AI race: 7 US-China relations reads

China tightens gold trading rules in Shenzhen after platforms collapse

US-China trade war

US-China trade talks going ‘very well’, Donald Trump tells reporters

President Donald Trump says China and the US are “getting close to a very historic, monumental deal”. Photo: The Washington Post

epa07530815 US Vice President Mike Pence speaks at the 2019 National Rifle Association (NRA) Annual Leadership Forum at Lucas Oil Stadium in Indianapolis, Indiana, USA, 26 April 2019. The forum is part of the NRA convention where firearms and weapons enthusiasts will view manufacture's exhibits on all things related to firearms, protection, and hunting. EPA-EFE/TANNEN MAURY

Chinese Vice Premier Liu He (R) gestures as US Treasury Secretary Steven Mnuchin (C) chats with his Trade Representative Robert Lighthizer before they proceed to their meeting at the Diaoyutai State Guesthouse in Beijing on May 1, 2019. (Photo by Andy Wong / POOL / AFP)

China’s African swine fever outbreak and US trade war combine to create perfect storm for Chinese economy

By 2026, the average Chinese person will eat 55kg of pork a year, a 10 per cent increase on current estimates. Photo: Xinhua

Piglets suckle from sows at a pig farm in Langfang, Hebei province, China, on Monday, April 1, 2019. The higher cost of pork, a key element in China's consumer price basket, will cause the inflation barometer to rise rapidly in coming months, according to economists at Industrial Bank Co., China International Capital Corp., Citic Securities Co., and Nomura International Plc. Photographer: Gilles Sabrie/Bloomberg

Joel Haggard, senior VP of U.S. Meat Export Federation, demonstrate beef cooking. 04 MAY 2007

China is desperately struggling to fill a market gap that could see as many as 200 million pigs lost to disease or slaughter, according to a study from Rabobank. Photo: Reuters

Donald Trump says US-China trade talks were ‘very productive’ after briefing

US President Donald Trump flew to Mar-a-Lago on Friday where he met his trade team the following day. Photo: Reuters

epa07371372 US Trade Representative Robert Lighthizer (L) listens as Chinese Vice Premier Liu He (R) talks while they line up for a group photo at the Diaoyutai State Guesthouse in Beijing, China, 15 February 2019. EPA-EFE/MARK SCHIEFELBEIN / POOL

US and China will have many more battles to fight when the trade war ends

Illustration by Henry Wong

FILE - In this Feb. 15, 2019, file photo, Chinese Vice Premier Liu He, right, gestures as he and U.S. Treasury Secretary Steven Mnuchin, left, and U.S. Trade Representative Robert Lighthizer pose for a group photo at the Diaoyutai State Guesthouse in Beijing. China said Thursday, April 11, 2019, that trade talks with the U.S. are "moving forward" after nine rounds of consultations aimed at ending a standoff that has shaken the world economic outlook. (AP Photo/Mark Schiefelbein, File)

Christopher Wray, director of the Federal Bureau of Investigation (FBI), speaks during an event at the Council on Foreign Relations in Washington, D.C., U.S., on Friday, April 26, 2019. Wray discussed the FBI's role in protecting the U.S. from today's global threats. Photographer: Melissa Lyttle/Bloomberg

Grindr app is seen on a mobile phone in this photo illustration taken in Shanghai, China March 28, 2019. REUTERS/Aly Song/Illustration

News

China

Diplomacy

Two sides are ‘getting close to a very historic deal’, president says after latest negotiations in Beijing
Next round of talks set to start in Washington on Wednesday


Two sides are ‘getting close to a very historic deal’, president says after latest negotiations in Beijing.


US-China relations

Donald Trump

US-China trade talks going ‘very well’, Donald Trump tells reporters

.css-1mniedq{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;}Two sides are ‘getting close to a very historic deal’, president says after latest negotiations in Beijing Next round of talks set to start in Washington on Wednesday

Two sides are ‘getting close to a very historic deal’, president says after latest negotiations in Beijing

Next round of talks set to start in Washington on Wednesday