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Trump says trade deal with China likely

AFP  |  Washington 

said Monday he expects to be able to reach a trade deal with China, which is feeling the impact of US tariffs.

"We are doing very well with They're having a hard with their economy because of the tariffs," told reporters at the

"I think that we are going to be able to do a deal with " US officials were in last week for talks aimed at ending the bruising trade confrontation that has subjected more than USD 350 billion in two-way trade to steep tariffs.

Chinese officials said the next round of negotiations would be held in between January 30 and 31.

and Chinese leader agreed on December 1 to a three-month truce in the escalating spat.

"I can tell you we are getting things that before I became you would have had no chance at getting," Trump said.

"They would have laughed in your president's face." As Trump has pressed to increase imports of US goods, China's trade surplus with the hit a record last year of USD 323.3 billion, an 11 per cent increase over 2017, according to Chinese customs data released Monday.

However, in a sign that the White House's punitive measures are having an impact, China's exports to the US sank last month.

And China's total exports fell 4.4 per cent in December from a year earlier, while imports dropped 7.6 per cent, reflecting sluggish demand at home and abroad.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 14 2019. 21:50 IST
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