Trump says 'I think we'll make a deal with China' on trade

The Latest Trump says he'll meet China's Xi at G-20 meeting

Trump Confident of Fair Trade Deal with China

The two sides have disagreed on trade issues for some time, Xi noted, saying that it has caused a negative impact on the relevant industries in both countries as well as on the global trade.

"After Trump's tweet the board is up and the basis is going to be down today", said one Brazil-based market source, although a US source said that offers from the US Gulf remained unchanged.

President Donald Trump has suddenly suggested that the U.S. and China could make a deal to end the trade war.

"I think we'll make a deal with China, and I think it will be a very fair deal for everybody, but it will be a good deal for the United States".

The ruling party needs to nurture conditions to "let the private economy create vitality", said Xi in a speech Thursday to a group of entrepreneurs, according to the official Xinhua News Agency.

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"I think we'll make a deal with China".

Washington accuses the two companies of stealing trade secrets from United States memory chip maker Micron Technology, but China's commerce ministry opposes the charges and has demanded Washington "remedy the mistake".

The telephone conversation on Thursday was Trump and Xi's first publicly disclosed call in six months. At a campaign rally in Columbia, Missouri, he added: "They want to make a deal". He stressed that the United States has made significant progress in trade with China.

Mr Xi also emphasised creating a fair and competitive environment and tasked local governments with "correcting" the behaviour of certain government departments, as well as large companies that use their dominance to "bully" smaller ones.

But Trump struck a more affable tone on Twitter after the phone call with Xi. But most economic and trade analysts say it's unlikely that any deal with China is on the horizon. "Those discussions are moving along nicely with meetings being scheduled at the G-20 in Argentina".

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He said Trump said in a recent interview that if there are "promising policy discussions, I don't know about a full fledged deal, but if things go well, maybe some tariffs get withdrawn and maybe not".

Speaking at a meeting with a group of visiting U.S. congressmen led by Republican Senator Lamar Alexander of Tennessee, Premier Li Keqiang said he hoped the two sides "will meet each other halfway and work together in the spirit of mutual respect and equality".

Trump imposed new tariffs on roughly half of Chinese imports this summer, while Beijing fired back with tariffs on most U.S. products.

For its part, Beijing has imposed tariffs on $110bn worth of U.S. goods.

US Senator Lamar Alexander of Tennessee told Li that the delegation was there "to show our respect to a great country and a great people", and that the two countries "are competitors but not adversaries".

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