Trump says ‘big’ China deal possible after US pressure
President Donald Trump on Friday predicted a major US-China trade deal in the near future, saying that Beijing’s negotiating position had been weakened by the impact of the tariffs war between the world’s top two economies. “China wants to make a big and very comprehensive deal.
It could happen, and rather soon!” Trump tweeted. His optimism followed China’s decision earlier Friday to back off from extra punitive duties that had been imposed this summer on US-made cars and auto parts.
The move was seen as the first concrete result of the US leader’s G20 talks with his counterpart Xi Jinping earlier this month.
Those tariffs now fall from 40 per cent to 15pc -- the same rate imposed on all foreign-made vehicles. The relief will last for three months from January 1.
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