US-China agreement by mid-Nov: Trump

WASHINGTON:US President Donald Trump on Friday said he thinks a US-China trade deal will be signed by the time the Asia-Pacific Economic Cooperation summit take place in Chile on November 16 and 17.

Chinese vice premier Liu He will provide Beijing’s perspective on the progress of the talks in a speech on Saturday, according to a tweet from Hu Xijin. editor-inchief of the Global Times, a tabloid published by the People’s Daily of China’s ruling Communist Party.

“I think it will get signed quite easily, hopefully by the summit in Chile, where President Xi and I will both be,” Trump told reporters at the White House, without providing details.

The White House has announced that China agreed to buy up to $50 billion (38.6 billion pounds) of US farm products annually, as part of the first phase of a trade deal, although China seems slow to follow through.

WE WILL ADDRESS US CONCERNS: BEIJING

NANCHANG, CHINA: Chinese Vice Premier Liu He said on Saturday that China will work with the United States to address each other’s core concerns on the basis of equality and mutual respect, and that stopping the trade war would be good for both sides and the world.

“Stopping the escalation of the trade war benefits China, the US and the whole world,” Liu said in a rare public speech about the trade war. The two countries reached a limited deal last week toward ending the trade war that has roiled global markets and hammered world growth. Both sides are working toward a written agreement.

Liu said improved relations between China and the United States benefited the world.

“China and the US can meet each other half way, based on equality and mutual respect, addressing each other’s core concerns, striving to create a good environment and achieving both sides’ common goals.”