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Trump predicts "very good chances" for a trade deal with China



"I think we both think the deal is very likely to happen," Trump said, adding that the negotiating group "has made much progress."

Trump said he plans to meet President Xi Jinping will draft the final details of a deal "very soon" and these talks are likely to be held in Mar-a-Lago next month. continue their journey for two more days after the negotiations continue before the deadline of 1 March.

The Deputy Prime Minister expressed such optimism, saying by an interpreter: "We believe it is very likely that it will happen and we hope that … we will have a deal … The Chinese side is ready to make our ultimate efforts. "

" If I see progress made, significant progress has been made, it will not be inappropriate to extend this deadline, "he said. Trump, suggesting that he "will be inclined" to allow up to a month longer to negotiate vapor.

One sign of progress Administration: commitment by the Chinese to purchase additional 1

0 million metric tons of US soybeans. [19659007] "The strategy worked. Show the good faith of the Chinese. Also, testifying for more good news, "said Agriculture Secretary Sonnie Purdy on Friday the countries have made progress in introducing text into memorandums of understanding in six areas: non-tariff barriers, forced technology transfers, but there are still gaps in some issues

Trump, Trade Representative of the United States, Robert Lighthiser, admitted that forced technology transfer is one of the areas , in which it is still working, noting that the group has "made great progress" in its negotiations but that "it has to be done right"

The raising of tariffs between the two countries will largely be based on what the deal is achieved and what enforcement and verification mechanisms will be put in place.With regard to the tougher areas related to structural issues, it seems that the two sides have different views on what they are trying to achieve. The business community is concerned about the deadline of March 1, and even more so that the deal is comprehensive and sustainable.

"The short decision will bring us back to negotiating these issues for a short period of time," said Myron Brilliant, executive vice president and head of international relations at the US Chamber of Commerce.

"This opportunity comes at a cost if it is not realized," Brilliant said. "The price for … China and the United States – but in general, our opinion is that the stakes are too high and everyone monitors what is happening between the US and China."


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