Donald Trump says ‘big progress’ being made on trade deal with China – National


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WASHINGTON/BEIJING — U.S. President Donald Trump mentioned on Twitter on Saturday that he had a “lengthy and excellent name” with Chinese language President Xi Jinping and attainable commerce deal between the USA and China was progressing nicely.

Cost of trade war in billions for both U.S. and China in 2018

As a partial shutdown of the U.S. authorities entered its eighth day, with no fast finish in sight, the Republican president was in Washington, sending out tweets attacking Democrats and speaking up probably improved relations with China.

The 2 nations have been in a commerce conflict for a lot of 2018, shaking world monetary markets because the circulation of tons of of billions of price of products between the world’s two largest economies has been disrupted by tariffs.

Trump and Xi agreed to a ceasefire within the commerce conflict, deciding to carry off on imposing extra tariffs for 90 days beginning Dec. 1 whereas they negotiate a deal to finish the dispute following months of escalating tensions.

“Simply had a protracted and excellent name with President Xi of China,” Trump wrote. “Deal is shifting alongside very nicely. If made, it will likely be very complete, masking all topics, areas and factors of dispute. Large progress being made!”

Trump mulls executive order that would ban companies from using Huawei, ZTE: Reuters

Chinese language state media additionally mentioned Xi and Trump spoke on Saturday, and quoted Xi as saying that groups from each international locations have been working to implement a consensus reached with Trump.

“I hope that the 2 groups will meet one another half means, work laborious, and try to achieve an settlement that’s mutually helpful and helpful to the world as quickly as attainable,” Xi mentioned, in keeping with the state-run Xinhua information company.

Having canceled his plans to journey to his property in Florida for the vacations due to the federal government shutdown that began on Dec. 22, Trump tweeted, “I’m within the White Home ready for the Democrats to come back on over and make a deal.”

READ MORE: Donald Trump’s commerce conflict is hurting the individuals he promised to assist

The Republican-controlled Congress was closed for the weekend and few lawmakers had been within the capital.

The shutdown, affecting about one-quarter of the federal authorities together with 800,000 or so employees, started when funding for a number of businesses expired.

Congress should cross laws to revive that funding, however has not carried out so because of a dispute over Trump’s demand that the invoice embrace $5 billion in taxpayer cash to assist pay for a wall he desires to construct alongside the U.S.-Mexico border.

WATCH: U.S. requires launch of Canadians detained in China

The wall was a significant 2016 marketing campaign promise of Trump’s, who promised then that it will be paid for by Mexico, which has steadfastly refused to take action. Trump has since demanded that U.S. taxpayers pay for it at an estimated complete price of $23 billion.

He sees the wall as very important to stemming unlawful immigration, whereas Democrats and a few Republicans see it as an impractical and dear mission. The standoff over Trump’s demand for funding can be a check for Congress when it returns subsequent week.

READ MORE: Trump willingness to ‘intervene’ on Huawei case leaves Canada in powerful spot over ex-diplomat’s arrest

Within the interim, 1000’s of staff of federal businesses such because the Homeland Safety, Justice, Commerce, Inside, Transportation, Agriculture and different departments had been staying at dwelling on furlough or quickly to be working with out pay.

WATCH: U.S. sees ‘laborious deadline’ for China commerce deal

As an example, members of the U.S. Coast Guard will obtain their ultimate paychecks of the yr on Monday, the service mentioned in a press release on its web site on Friday after beforehand warning that funds can be delayed as a result of shutdown.

“The administration, the Division of Homeland Safety , and the Coast Guard have recognized a method to pay our army workforce on Dec. 31, 2018,” the service web site learn.

That paycheck can be their final till the federal government reopens.

The Federal Emergency Administration Company additionally mentioned on Friday that it will resume issuing new flood insurance coverage insurance policies through the shutdown, reversing an earlier choice.

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