Trump says trade talks with China going ‘very well’

WATFORD, England: US President Donald Trump said on Dec 4 that trade talks with China are going “very well,” sounding more positive than on Dec 3 when he said a trade deal might have to wait until after the 2020 US presidential election.

“Discussions are going very well and we’ll see what happens,” Trump told reporters said at a meeting of NATO leaders near London.

His comments on Dec 3, which raised the prospect of a long extension of the trade tensions between the world’s biggest and second-biggest economies, pushed down share prices sharply around the world.

Stocks rebounded on Dec 4 when Bloomberg reported that the two sides were closer to agreeing how many tariffs would be rolled back in a “phase one” trade deal.

Investors fear that the US-China standoff, which has marked Trump’s presidency since it began in 2017, will add to the slowdown in the global economy. – Reuters

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