The US-China trade talks are now Trump: confident to reach an agreement

US President Trump said today that he is confident that Washington and Beijing authorities can reach an agreement and end months of disrupting trade disputes in global financial markets.

Agence France-Presse reported that Trump said at the White House today: “I think we will reach an agreement with China.” He also pointed out that they are conducting “highest level” trade negotiations with China.

Trump told reporters that as China’s economy slows down, “I really think they want to” reach an agreement. “I feel that they must do this to some extent.”

US Deputy Trade Representative Jeffrey Gerrish will lead a trade delegation to Beijing on the 7th for the first face-to-face discussion, including officials from the Ministry of Finance, the Ministry of Commerce and the Ministry of Agriculture. However, Trump pointed out that he and Chinese President Xi Jinping have already actively participated in relevant negotiations.

He said: “We have major trade talks with China. President Xi is actively involved, and me too. We are at the highest level and we are doing very well.”

Last year, the United States launched a trade war with China. After the two sides levied high tariffs on goods worth hundreds of billions of dollars, Trump and Xi Jinping held side-by-side talks on the G20 summit on December 1 and reached a 90-day truce. protocol.

Although import tariffs are pushing up the costs of US businesses and consumers, Trump reiterates that the United States has “collected billions of dollars in tariffs from China and other countries.”

Reuters reported that Trump today played down the profit warning issued by Apple Inc., alleging that China’s economic growth slowed down and the United States was in a strong position. Apple this week, based on the slowdown in iPhone sales in China, revised its first-quarter revenue forecast for the fiscal year.

When asked if he was worried about Apple’s stock price, Trump responded: “I don’t worry. I mean, you see, they have gone up a lot.”

Apple’s share price closed at $148.26 today, down about 5.1% this week. Apple’s share price has fallen by 7% in 2018, but since Trump took office in January 2017, the stock price has still risen by about 24%.

Credit : https://www.cna.com.tw/news/aopl/201901050021.aspx

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