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Trump ‘optimistic’ about new US-China trade deal

“The prospect of being hanged focuses the mind wonderfully,” said the compiler of the first English language dictionary Samuel Johnson. Mr. Johnson might have had negotiations for a new trade agreement between the US and China in mind when he wrote it.

With the threat of a genuine trade war hanging over their heads, high level officials of the American and Chinese government are making “good progress” toward reaching an agreement that would open Chinese markets to more US products while lowering some tariffs on Chinese goods.


On Thursday, Trump attended an Oval Office meeting with Chinese Vice Premier Liu He and top U.S. officials as Beijing and Washington try to reduce trade tensions and fears of a possible trade war. The president’s presence indicates the meetings are going well, and he pushed Liu to expand the list of sectors that could see tariff reductions, according to the official. Trump brought up areas including energy and natural gas.

On Friday, Trump’s chief economic advisor Larry Kudlow told reporters the negotiations “are going well.” He said Trump “was probably more optimistic yesterday on the subject than I’ve seen him in this whole process.”



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