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World Trump says US and China are very close to a trade deal

19:50  12 december  2019
19:50  12 december  2019 Source:   reuters.com

Trump says China trade deal may have to wait amid sticking points in talks

  Trump says China trade deal may have to wait amid sticking points in talks Trump says China trade deal may have to wait amid sticking points in talksLONDON (Reuters) - President Donald Trump said on Tuesday a trade deal with China might have to wait until after the U.S. presidential election in November 2020, denting hopes that the two largest economies would soon reach an initial deal to ease their damaging trade war.

China and the United States are in close communication on trade, officials in Beijing and Washington said, days before tit-for-tat tariffs are due to go into effect.

U.S. President Donald Trump on Thursday said on the United States was "very close" to nailing down a trade deal with China.

"Getting VERY close to a BIG DEAL with China," Trump posted on Twitter. "They want it, and so do we."

US President Donald Trump delivers remarks during a campaign rally at the Giant Center in Hershey, Pennsylvania, U.S., December 10, 2019. © REUTERS/Tom Brenner US President Donald Trump delivers remarks during a campaign rally at the Giant Center in Hershey, Pennsylvania, U.S., December 10, 2019. During a regular briefing on Wednesday in Beijing, Gao Feng, spokesman at the Chinese commerce ministry, told reporters "The two sides' economic and trade teams are maintaining close communication."

Bemused and disturbed: Confusion reigns as Trump's love affair with tariffs deepens

  Bemused and disturbed: Confusion reigns as Trump's love affair with tariffs deepens It's little wonder China, America's own allies and markets are left on edge about how the White House does business.Those markets have been unsettled by the prospect Trump raised on Tuesday of a deferral of any deal with China until after next year’s presidential elections.

Gao declined to comment on possible retaliatory steps if Washington imposes more tariffs on Chinese goods this weekend.

The United States is due to impose tariffs on almost $160 billion of Chinese imports such as video game consoles, computer monitors and toys on Sunday.

U.S. President Donald Trump is expected to meet top trade advisers on Thursday to discuss the move, sources told Reuters previously.

A decision to proceed with the levies could roil financial markets and scuttle U.S.-China talks to end the 17-month-long trade war between the world's two largest economies.

The countries agreed in October to conclude a preliminary trade agreement, but talks have failed to produce deals on agricultural purchases by China and rollbacks of existing tariffs imposed by the United States. Many analysts had expected a deal ahead of Dec. 15.

ASX steadies as investors await further volatility with US-China trade war

  ASX steadies as investors await further volatility with US-China trade war Australian shares are likely to start the day with little momentum, following a volatile week due to conflicting signals from Donald Trump about how the US-China trade dispute was progressing. It began with a massive global sell-off after US President Donald Trump unexpectedly decided to impose metal tariffs on Brazil and Argentina, then suggested he was in no hurry to end the long drawn out US-China trade war. require(["inlineoutstreamAd", "c.

Beijing has said it would retaliate if the United States escalates the trade dispute.

In August, China said it would impose 5% and 10% in additional tariffs on $75 billion of U.S. goods in two batches. Tariffs on the first batch kicked in on Sept. 1, hitting U.S. goods including soybeans, pork, beef, chemicals and crude oil.

The tariffs on the second batch of products are due to be activated on Dec. 15, affecting goods ranging from corn and wheat to small aircraft and rare earth magnets.

China also said that it will reinstitute on Dec. 15 an additional 25% tariff on U.S.-made vehicles and 5% tariffs on auto parts that had been suspended at the beginning of 2019.

Pictures: US-China Trade War: A timeline 

Trump taunts Dems at Michigan rally: 'Doesn't really feel like we're being impeached' .
While the House continued its impeachment debate, President Trump took the stage in front of thousands of supporters who lined up in the bitterly cold weather for his “Merry Christmas” rally at the Kellogg arena in Battle Creek, Michigan. The rally is the same day that the House of Representatives debated articles of impeachment. For months, House Democrats have been pursuing an inquiry into whether Trump abused his power during a July call with Ukraine.WITH TRUMP IMPEACHMENT VOTE IMMINENT, PRESIDENT TRAVELING TO BATTLE CREEK, MICH., TO RALLY THE FAITHFUL"By the way, it doesn't really feel like we're being impeached," Trump opened.

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