US-China trade deal 2nd phase to begin soon: Trump

US President Donald Trump on Tuesday said second phase of negotiations for US-China trade deal would begin soon and asserted that two countries never had a better relationship despite recent rough patch. He also said he has a great relationship with Chinese President Xi Jinping.

"My relationship with Xi is extraordinary. He's for China, I'm for US but or than that, we love each or," American president said at World Ecomic Forum (WEF) annual summit in Davos.

He also anunced that US will join 1 trillion trees initiative being launched at WEF.

"This is a time for optimism and t for pessimism. We must reject perennial prophets of doom who have been making alarmist predictions," Trump said.

Talking about reforms undertaken by his government, Trump said, "I knew that if we unleashed potential of our people, cut taxes, slashed regulation, fixed broken trade deals and fully tapped American energy, that prosperity would come thundering back and that is exactly what happened."

"Years of ecomic stagnation have given way to a roaring geyser of opportunity," he added.

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"We have launched a historic step of removing job killing regulations. We are removing all archaic laws. Today I urge nations to follow our example and liberate ir citizens from shackles of bureaucracy and or archaic laws. re is better place on earth than United States," he asserted.

Trump furr said his administration is focussing on trade, which was neglected by his predecessors.

"We are also addressing chronic problems that undermined our trade. Our leaders earlier didn't do anything on this. phase two negotiations for our China trade deal is going to start soon. Our relationship with China has never been better. We went through a rough patch, but things are good w. I've a great relationship with President Xi," Trump said.

"Our relationship with China right w has probably never been better. China has made on trade, particularly in intellectual property, ending forced techlogy transfers, lifting trade barriers on agricultural goods, opening up financial sector and maintaining a stable currency," Trump said.

first phase of deal marks a de-escalation in trade war pitting two powerful ecomic giants against each or for nearly two years.

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