Trump Discusses Trade Issues With China's Xi

A man looking at electronic boards showing Japan's Nikkei average and the Dow Jones Industrial Average outside a brokerage in Tokyo on Oct 12 2018

The rally came after Bloomberg reported that U.S. President Donald Trump wanted to reach an agreement on trade with Chinese President Xi Jinping at the Group-of-20 nations summit in Argentina later this month and has asked key officials to start drafting potential terms.

China and the United States should work together to get their relations back on track, China's premier said in Beijing on Thursday, ahead of the U.S. midterm elections and a possible meeting between presidents Xi Jinping and Donald Trump.

The news agency said it was not clear if Trump was easing up on demands that China has resisted, and it cited one person as saying intellectual property theft was a sticking point on a possible deal.

However, "policy talks" will determine whether he imposes additional duties, "not an arbitrary timeline", said Kudlow, who served as the Trump campaign's senior economic adviser.

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But active duty troops are rarely deployed within the United States except for domestic emergencies like hurricanes or floods. The projected US deployment is already roughly the same size as the USA military contingent in Iraq.

Xi was quoted by CCTV as saying after the call with Trump that the two leaders had hoped to expand trade cooperation. 'Also had good discussion on North Korea!'

On Wednesday, US Secretary of State Mike Pompeo said China was probably Washington's biggest long term security challenge and the United States was engaged in a "multi-pronged effort.to convince China to behave like a normal nation on commerce" and respect global law. He said further meetings with Xi are being scheduled for the G-20 summit of the world's biggest economies, set for November 30 in Buenos Aires, the first ever such summit in South America.

The event will be closely watched for any progress in the resolution of the bitter trade dispute between the world's two largest economies.

Trump said earlier on Twitter that he and Xi had a "very good" conversation. "We have a new deal", he said adding that the USA is now negotiating with the European Union, which "has absolutely hurt" the United States. "China would love to make a deal", Trump told Breitbart at the time.

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"The two countries' trade teams should strengthen contact and conduct consultations on issues of concern to both sides, and promote a plan that both can accept to reach a consensus on the China-US trade issue", Xi said on CCTV state television.

In comments to state media, Mr Xi expressed his hopes for a trade deal and said he was willing to meet with Mr Trump in Argentina.

Just after the upbeat readouts of the Trump-Xi call, the Justice Department announced the latest in a list of actions against what the Trump administration calls China's cheating through intellectual property theft, unfair corporate subsidies and rules hampering USA corporations in China.

Tai Hui at JPMorgan Asset Management said a stabilising trade relationship between USA and China and more stimulus from Beijing would be the key ingredients to revive market confidence in Asia. "We're doing better than we've ever done".

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The PM-designate has repeatedly denied that he was "detained" in Saudi Arabia , stressing that what happened is "a page turned". But he also said that does not want the United States to lose investments from Riyadh, a close USA ally.

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