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Trump says China wants to make a trade deal

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Trump says China wants to make a trade deal

Trump says China wants to make a trade deal

Following a day of trade negotiations with China, U.S. President Donald Trump sounded upbeat about the possibility of a deal.

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Trump says China wants to make a trade deal

He told a rally in Minnesota on Thursday (October 10), "We're going to see if we make a deal, but they want to make it." Supporters of the Republican president packed the 20,000-seat Target Center in Minneapolis for the first of three campaign rallies scheduled for the next week.

"They've been very nice and today I got a call from one of the top representatives.

He said 'congratulations Mr. President on having a truly great, great economy.'

That's pretty nice," he told the rally.

The U.S. and China have wrapped up a day of negotiations, but plan to pick up again on Friday (October 11).

Business groups expressed optimism the two sides might be able to ease a 15-month trade war and delay a U.S. tariff hike scheduled for next week.

A White House official said talks had gone very well, "probably better than expected." Trump launched the trade war against China with demands for sweeping structural reforms, but Beijing has indicated it is not willing to fundamentally change the way it controls China's economy.

Steady escalations of the tit-for-tat tariffs on Chinese and U.S. goods in recent months have roiled financial markets and stoked fears of a global recession.

Stocks rose on optimism that talks would yield at least a partial truce, with the S&P 500 up 0.64% and the Nasdaq up 0.6%.



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