Trump says China wants to restart trade talks

Video Credit: Reuters Studio
Published on August 26, 2019 - Duration: 00:58s

Trump says China wants to restart trade talks

President Donald Trump told media at a G7 summit in France that China is ready to negotiate a trade deal.

Rough cut - no reporter narration.

Advertisement

Trump says China wants to restart trade talks

The president said China had contacted U.S. trade officials overnight to say Beijing wanted to return to the negotiating table.

China's lead negotiator in the U.S. trade talks earlier on Monday (August 26) said Beijing was willing to resolve its trade dispute with the United States through 'calm negotiations' and resolutely opposed the escalation of the conflict.

Trump hailed Chinese President Xi Jinping as a great leader and said the prospect of talks was a very positive development for the world.

"You probably read the breaking news a little while ago that they want to make a deal.

They just came out and they want calm," Trump told media at a photo opportunity with Egyptian President Abdel Fattah El-Sisi.

An increasingly bitter trade war between the world's two largest economies sharply escalated on Friday (August 23), with both sides leveling more tariffs on each other's exports.

Before Trump spoke, global stock markets reeled, while China's yuan currency fell to a fresh 11-year low.

Investors streamed into the safe harbors of sovereign bonds and gold.

Negotiations would start very soon, Trump said.

"I think we are going to have a deal," he added.

"They have supply chains that are unbelievably intricate and people are all leaving and they are going to other countries, including the United States by the way, we are going to get a lot of them too."

You are here


💡 One News Page Knowledge: Other News Mentions

Donald Trump

45th president of the United States
Former U.S. attorneys who were appointed by both presidents Bush, Reagan, Nixon and Eisenhower have come out against Trump and for Joe Biden.
Credit: USATODAY.com - Published 41 minutes ago

According to the latest CBS Battleground Tracker poll, President Trump leads Joe Biden by just 2 points in Texas. The state is seeing record turnout for..
Credit: CBS News - Published 47 minutes ago

With one week left until Election Day, President Trump and Democratic nominee Joe Biden are making their final pushes to get their messages out to voters. CBS..
Credit: CBS News - Published 48 minutes ago

President Trump’s norm-shattering ways now extend to a refusal to tell voters how he will spend another four years in the White House.
Credit: NYTimes.com - Published 49 minutes ago

Justice Department effort to intervene was blocked in a defamation case against Trump by E. Jean Carroll after he denied her claim that he raped her.
Credit: USATODAY.com - Published 2 hours ago


Xi Jinping

General Secretary of the Chinese Communist Party
MOSCOW, Oct. 23 (Xinhua) -- Russian President Vladimir Putin on Thursday praised Russia-China relations and expressed readiness to deepen bilateral cooperation...
4 days ago • WorldNews
Chinese leader Xi Jinping condemned "unilateralism, protectionism and extreme egoism" in a jab at the United States made during a rally Friday to mark the 70th..
4 days ago • New Zealand Herald


Beijing

Capital of the People's Republic of China
US secretary of state Mike Pompeo on Tuesday stressed on the need for Washington and New Delhi to work together to counter the threat posed by Beijing to..
Credit: IndiaTimes - Published 8 hours ago

Hong Kong (CNN Business)Beijing said Monday that it will impose sanctions on American companies — including Lockheed Martin, Boeing, and Raytheon — that have..
11 hours ago • WorldNews
The Trump administration on Monday notified Congress of plans for a multi-billion dollar sale of Harpoon missile systems to Taiwan just hours after Beijing..
14 hours ago • WorldNews
The Trump Administration today notified Congress of plans for a US$2.37 billion ($3.5b) sale of Harpoon missile systems to Taiwan.Just hours earlier, Beijing..
15 hours ago • New Zealand Herald

Egypt

Country spanning Northern Africa and Western Asia
The US president has sided with Egypt in the escalating dispute over a mega dam, analysts say.
Credit: BBC News - Published 15 hours ago

Al-Qaeda leader Abu Muhsin al-Masri, also known as Husam Abd-al-Ra'uf and originally from Egypt, was wanted by the FBI for conspiracy to aid foreign terrorist..
3 days ago • WorldNews
Ethiopia vowed on Saturday not to “cave in to aggressions of any...
3 days ago • WorldNews

Related news from verified sources

· *Global stocks just reversed what looked to be another day of steep losses after Trump said China wants to resume trade talks. * · *The comments came too...
on August 26, 2019 • Business Insider

Here is what you need to know.  1. *Trump just said China wants to restart trade talks — and relieved traders are pushing markets higher.* Trump on the...
on August 26, 2019 • Business Insider

Washington (CNN)President Donald Trump's trade war just got more complicated -- and it's far from clear whether he'll win a deal before American voters head to...
on August 7, 2019 • WorldNews

Related videos from verified sources

As Trade War Drags On, China's Manufacturing Output Plunges 00:38
Video credit: Wochit Business - Published on August 31, 2019 

Coupa, Zoom, Palo Alto, and More - Earnings to Watch 00:29
Video credit: The Street - Published on August 30, 2019 

The Fed, the Trade War and Stocks -- Not Much Juice Left in the Tank in 2019? 03:08
Video credit: The Street - Published on August 30, 2019 

You might like