Trump says China trade deal coming, Beijing calls for resolution of…

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U.S. President Donald Trump on Monday predicted a trade deal with China after positive gestures by Beijing, calming global markets that have been roiled by new tariffs from the world’s two largest economies.

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BIARRITZ, France/BEIJING (Reuters) – U.S. President Donald Trump on Monday predicted a trade deal with China after positive gestures by Beijing, calming global markets that have been roiled by new tariffs from the world’s two largest economies.

U.S. President Donald Trump speaks as he meets Egypt’s President Abdel-Fattah el-Sisi (not pictured) for bilateral talks during the G7 summit in Biarritz, France, August 26, 2019. REUTERS/Carlos Barria

Liu said: “We welcome enterprises from all over the world, including the United States, to invest and operate in China.”

Mnuchin said Trump could order companies out of China under the International Emergency Economic Powers Act if he declared a national emergency.

Macron and German Chancellor Angela Merkel, who met with Trump at the G7, both said it was in everyone’s interest for China and the United States to reach a deal. Germany’s economy, which is heavily dependent on exports, is facing a recession, according to some economists.

Reporting by Jeff Mason and Yawen Chen; Additional reporting by Ben Blanchard and Tony Munroe in Beijing; Andrea Shalal and David Lawder in Washington and John Chalmers in Paris; Editing by Janet Lawrence, Grant McCool and Peter Cooney


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U.S. President Donald Trump on Monday predicted a trade deal with China after positive gestures by Beijing, calming global markets that have been roiled by new tariffs from the world’s two largest economies.

Source: {authorlink}

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