Development

Western Pennsylvania's trusted news source
Trump expresses optimism in trade talks with China | TribLIVE.com
Business

Trump expresses optimism in trade talks with China

Associated Press
610349_web1_TrumpChina

WASHINGTON — President Donald Trump is expressing optimism about trade negotiations with China as U.S. officials are expected in Beijing for talks aimed at easing a trade battle.

Trump said Sunday he spoke recently to Chinese President Xi Jinping. Trump says: “I really believe they want to make a deal. The tariffs have absolutely hurt China very badly.”

After several tit-for-tat tariff increases, the leaders agreed Dec. 1 to postpone further hikes. American officials are due in Beijing Monday.

Both governments face pressure to reach a settlement.

Chinese economic growth fell to 6.5 percent in the quarter ending in September. Third-quarter U.S. growth was 3.4 percent and unemployment is at a five-decade low. But surveys show consumer confidence is weakening due to concerns about growth.

Remove the ads from your TribLIVE reading experience but still support the journalists who create the content with TribLIVE Ad-Free.

Get Ad-Free >

Categories: Business | Wire stories
Content you may have missed