Jared Kushner says US and China have come to understanding on trade relationship direction, citing ‘fabulous deal’ with Beijing
- Without going into details of agreement, Trump’s son-in-law and adviser says US president is ‘firm’ and ‘will make decisions he thinks are right’
- Officials from both sides are working to complete text for deal for Trump and Xi Jinping to sign at Apec summit in Chile in November
The United States and China have come to an understanding on the direction of their trade relationship after a nearly 16-month trade war, White House adviser Jared Kushner said on Tuesday.
Kushner, President Donald Trump’s son-in-law, told a panel at the Future Investment Initiative conference in Riyadh that US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin “have made a fabulous deal” with Beijing.
“I think people understand the president, that he’s firm, they know that he’s going to make the decisions that he thinks are right, and I think ultimately that we’ve come to an understanding with China now on where we want to head,” Kushner said.
Kushner did not mention any details of an emerging “phase one” trade deal that Trump outlined on October 11, covering Chinese purchases of US agricultural goods, intellectual property protections, currency practices and increased access for US companies to China’s financial services market.
US and Chinese negotiators are working to try to complete a text for the agreements for Trump and Chinese President Xi Jinping to sign at an Asia-Pacific Economic Cooperation summit in Chile from November 16-17.