Donald Trump says there is good possibility of trade deal with China

Ahe of Chinese Vice Premier Liu's visit to United States for next round of negotiations on tre deal, US President Donald Trump said that re is a good possibility of a deal with China. As two largest tring powers are trying to end biggest tre war in history, White House has anunced that negotiations will happen on October 10. American side will be represented by Robert Lighthizer, US Tre Representative and Secretary of Treasury Steven Mnuchin and Chinese delegation will be led by Vice Premier Liu, whom China detes as best negotiator. 

Topics of discussion

White House anunced that topics of discussion will force techlogy transfer, intellectual property rights, services, n-tariff barriers, agriculture, and enforcement. While responding to questions by reporters on October 7, Donald Trump said that he has achieved desired results by imposing heavy tariffs on Chinese goods. US leer also believes that re is a good possibility of having a tre deal with China. 

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“We’ve taken in tremendous amounts of money in form of tariffs from China. China has eaten cost of those tariffs because y’ve devalued ir currency and y’ve also pumped a lot of money into ir system. We have inflation. If anything, it’s going below number so, refore, we’re entitled to an interest rate cut," he said.

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China's ecomy is down

According to President Trump, as a result of his policies, Chinese ecomy is down and is w at nearly $22 or $24 million. This is reason that China wants to have a tre deal with Washington. Both powers have been trying to negotiate a tre deal for nearly more than 10 months. massive tre imbalance created by tariffs by both countries climbed to more than $539 billion last year. Donald Trump wants China to dress issue of ft of intellectual properties of American companies and also ir forces coercion inside China.

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He said, “As to wher or t we make a deal, I don’t kw. But re’s certainly a good possibility. But relationship is a very good one. We have taken in billions of dollars. y’re down three and a half million jobs since we started doing what we do. ir supply chain is really cracked and broken. y want to make a deal.”

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(With PTI inputs)