The U.S. – China trade war/deal series continues.
On Monday, U.S. President Donald Trump said that China will make a trade deal with the U.S.
After the G7 summit in France, Trump said that he believed that China was sincere in making efforts to strike a deal as he weighs the pressing economic turmoil Beijing has been experiencing since the trade war erupted.
“I think they want to make a deal very badly. I think that was elevated last night. The vice-chairman of China came out, he said he wants to see a deal made,” Trump said.
Trump’s speculation of China making a deal with them soon seems to be supported by the Chinese Vice Premier Liu He who said in a statement that China was willing to resolve the trade conflict through calm negotiations.
Meanwhile, Liu said that China believes that the trade war escalation is not beneficial for both China and the United States, and not even to the interests of the people of the world.
U.S. and China are expected to meet in Washington sometime in September.
Honda to resume auto production in China plants on February 2114.02.2020
South Korea pledges emergency measures as virus outbreak in China affects economy13.02.2020
Foxconn: recent Reuters report on factory resumption in China, not factual12.02.2020
China can fortify stimulus if growth slows further amid virus spread, IMF says