Trump hopes US-China trade deal will be signed by middle of November
US President Donald Trump
USPresident Donald Trump on Friday said he thinks a trade deal between the United States and China will be signed by the time the Asia-Pacific Economic Cooperation meetings take place in Chile on November16 and 17.
Chinese Vice Premier Liu He will provide Beijing's perspective on the progress of the talks in a speech on Saturday, according to a tweetfrom the editor-in-chief of the Global Times, a tabloid published by the People's Daily of China's ruling Communist Party.
"I think it will getsignedquite easily, hopefully by the summit in Chile, where President Xi and I will both be,"Trumptold reporters at the White House, without providing details.
"We're working withChinavery well,"Trumpalso said.
The White House has announced thatChinaagreed to buy up to $50 billionofUSfarm products annually, as part of the first phase of atradedeal, althoughChinaseems slow to follow through.
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The so-called phase 1dealwas unveiled at the White House last week during a visit by vice-premier He as part of a bid to end a tit-for-tattradewar between Beijing and Washington that has roiled markets and hammered global growth.USofficials said the second phase of negotiations could address thornier issueslike forced technology transfer and non-financial services issues.