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Beijing / Washington (AP) – After contradictory information from its administration, US President Donald Trump but now an agreement with China in the trade dispute in prospect.
"I think we will come with you China to make an agreement, "Trump told Washington, before his economic adviser, Larry Kudlow, said an agreement was not reached in the near future.
However, neither has Trump provided a timetable for a possible unification of the most intensely traded trade economies in the world. He will be with his Chinese counterpart Xi Jinping On the sidelines of the G20 summit in Argentina in late November, said the president.
The conflict with China has made considerable progress, particularly with regard to trade barriers and the theft of intellectual property. China is very interested in an agreement, said Trump. Beijing understood that this was the USA to go well with the current situation. The United States has imposed special duties on goods from China worth more than 250 billion euros, about half of the imports from the People 's Republic. China has responded with retaliatory tariffs, particularly in the agricultural sector.
Kudlow previously had limited hopes for an impending trade deal between the United States and China via the media. It's not close to an agreement, said Kudlow, the US television channel CNBC. He contradicts a report from the Bloomberg news agency that Trump wants to close the G20 meeting in late November, a trade deal with Xi Jinping. Trump has already instructed government employees to develop details, he said.
Bloomberg had announced it had eased the trade dispute and Trump's new plans had been phone call with Xi Jinping on Thursday, the first two-month talks between the two presidents. Trump himself called the conversation "long and very good" and commented positively on Twitter the progress of negotiations on a trade deal.
The Foreign Ministry in Beijing also called the phone call "extremely positive". The two presidents agreed to resolve the conflict through "in-depth consultations" and to strengthen economic exchanges between the two countries, said Chinese Foreign Ministry spokesman Lu Kang. Xi Jinping was "very happy" to have spoken again with Trump, the Foreign Ministry said in a separate note.
The hope of ending the month-long customs dispute has revived Friday stock markets around the world. However, Kudlow's statements have clouded this mood directly.
CNBC broadcaster announced that Kudlow and other government officials had objected to the submission that a trade deal with China was imminent.
The dispute had recently clouded the mood of investors in the United States, where congressional elections will be held Nov. 6. Economists fear that a protracted conflict can have serious consequences for the entire global economy. Trump is the huge US trade deficit with China. He also accuses Beijing of dumping prices and technology theft.
The deficit in the US trade balance continued to increase in September. The excess of imports with China has even reached a new record, according to figures released Friday by the US Department of Commerce. Thus, the surplus of imports through exports reached $ 40.2 billion. With the rest of the world, the United States has a trade deficit of $ 54.0 billion. That's $ 0.7 billion more than the previous month and a little more than the badysts expected.
Heads of state and government from the group of the largest industrial and emerging G20 economies will meet in Buenos Aires, Argentina, on November 30 and December 1 for their annual summit.
In addition to the trade dispute, Beijing is currently facing many other construction projects in the economy. Industrial production increased more slowly for five consecutive months. The fight against debt and financial risks increases the loans to entrepreneurs. The growth of the retail trade is slowing down. Auto sales declined for the third consecutive month in September and could even decline for the first time in nearly three decades this year. The management in Beijing offered tax breaks and other forms of badistance to businesses to cope with the economic downturn.
The world's second largest economy grew 6.5% slower than expected over the last three months. China's economic growth was weak in early 2009 after the onset of the global financial crisis.
CNBC report
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