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"The president said he was optimistic about a possible trade deal," Kudlow told Fox Business. "But we have a long enough distance to go here."
A subsequent meeting is still possible, but the details are not yet clear, said a US official.
The stock market has experienced a strong recovery since the beginning of the year, in part because investors had hoped that Washington and Beijing would be able to conclude a new trade deal in the coming weeks.
Other members of the Trump administration have also been more optimistic about the state of progress of the negotiations with China.
Treasury Secretary Steven Mnuchin, who will visit Beijing next week to conduct more trade negotiations, has been more optimistic about reaching an agreement before the expiration of the negotiations. a truce of 90 days.
But investors are clearly becoming more nervous and more and more suspicious of all the conflicting reports. In addition, there is much more at stake than simple rates.
The United States and China should also discuss the concerns of many US (and global) technology companies in the face of intellectual property theft in China.
The chief financial officer of Chinese technology giant Huawei is currently detained in Canada at the request of Washington, which increases the tension between the two countries.
– Kevin Liptak from CNN contributed to this report
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