Donald Trump says US-China talks are ‘going very well’
According to those in the know, Trump’s eagerness to cut a deal quickly is largely due to his desire for markets to rally
Washington — US President Donald Trump is increasingly eager to strike a deal with China soon in an effort to perk up financial markets that have slumped on concerns over the trade war, according to people familiar with internal White House deliberations. Talks between mid-level US and Chinese officials in Beijing were extended for a third day into Wednesday, adding to optimism fueled by tweets from Trump that the two sides are making progress toward an agreement. The US delegation were seen carrying their luggage with them as they left their hotel for the negotiations on Wednesday morning. Inside the White House, some key economic advisers are campaigning for a quick resolution to the trade conflict to help soothe battered markets. The S&P 500 Index has fallen about 8% since Trump and Chinese President Xi Jinping agreed on a 90-day truce at a December 1 meeting in Argentina. “Talks with China are going very well!” Trump tweeted on Tuesday, the latest in a series of upbeat messages ...
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