Trump has ‘very long and good’ phone call with China’s Xi
Donald Trump maintains that the chat about trade issues is moving along nicely, but not everyone, including Beijing, is buying it
Washington — US President Donald Trump wants to reach an agreement on trade with Chinese President Xi Jinping at the G20 nations summit in Argentina later this month and has asked key US officials to begin drafting potential terms, according to four people familiar with the matter. The push for a possible deal with China was prompted by the president’s phone call with Xi on Thursday, the people said, requesting anonymity to discuss internal deliberations. Afterwards, Trump described the conversation as “long and very good” and said in a tweet that their discussions on trade were “moving along nicely”. Trump asked key cabinet secretaries to have their staff draw up a potential deal to signal a ceasefire in an escalating trade conflict, the people said, adding that multiple agencies are involved in drafting the plan. The news prompted stocks to surge in Hong Kong and China, while the offshore yuan jumped as much as 0.31% before paring gains to trade 0.26% higher. The Hang Seng Index r...
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