Donald Trump, Xi Jingping to sign 'very substantial' phase one deal

United States President Donald Trump reportedly claimed on October 11 that China and US have reached an initial deal covering intellectual property, financial services, and currencies. President Trump furr ded that both countries have reached a "very substantial" phase one deal, although, agreement is yet to be officially written. US president hopes that agreement is signed with Chinese President Xi Jinping in coming weeks. US Treasury Secretary Steven Mnuchin reportedly claimed that with agreement White House will be holding off on a massive tariff increase plan for next week. 

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Tre war

Ecomic experts look forward to negotiations as both countries try to ease tre tensions and also end ir tre war, which has long affected world ecomy. US Tre Representative Robert Lighthizer and Secretary of Treasury Steven Mnuchin will participate in discussion representing US tre interests, and Vice Premier Liu He will le Chinese delegation. Donald Trump while dressing reporters suggested that re are some good deals under tre negotiation. He reportedly claimed that both countries have been unsuccessfully talking for about a year w and US has a great ecomy and a great market. He furr ded that China is showing its willingness to fetch a deal with US. 

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Growth in US ecomy

Trump also praised growth in US ecomy which seems to continuously grow. He said that at present ecomy is t facing any inflation suggesting that re is t much price fluctuation. Trump said that a tre negotiation among both nations will be beneficial for China, which has witnessed over 3.5 million job losses. Drawing a comparison between both countries, he pointed out that China has suffered a major loss going down trillions of dollars whereas US ecomy has gone up many trillions of dollars. He asserted that US has a strong stock market and a stronger ecomy. He concluded on a positive te saying, “China wants to make a deal very bly. And if we can make a deal, we're going to make a deal. re's a really good chance. re's a really good chance." 

(With inputs from ncies)

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