For months, the US and China have been one-upping each other with mutual threats. It’s about supposedly unfair trading practices and tariffs on return carriages. Slowly, the two major economies are approaching a mutual agreement – and the effort seems to be worthwhile.

Recent trade talks with Chinese officials in Washington was seen as a significant progress on several important issues, according to the US government. However, there is still “considerable work” before them to solve the remaining issues, said Presidential Spokeswoman Sarah Sanders. The American and Chinese officials are in constant contact. The talks should be continued in the coming week.

According to President Donald Trump, the trade war between the US and China could soon be settled. “We negotiated the two most difficult points very successfully,” Trump said on Friday before his departure to California. The talks with Chinese representatives on Wednesday and Thursday in Washington were “a great success”, the president said.

The talks have gone further and deeper than ever before, reported the economic adviser to Trump, Larry Kudlow. “The prospects for a deal are good.” There is no time pressure, the talks are not determined by a specific timetable. Actually, the US had set a deadline of March 1, within which China should reach an agreement, to avoid further special tariffs. However, the deadline was pushed back in the end. The USA justified this with a positive course of the discussions.

Trade is coming along well. We’re having a big meeting this afternoon. I think you’ll be at it for a little while. The vice premier is here. Lots of top people from China, they very much want to make a deal. We’ll see what happens. It’s got to be a great deal. We have been losing many years four, five, 600 billion dollars a year. We’re losing 200 routinely to China. We can’t do that, we gotta turn it around. It’s going to be a great deal. If it’s not a great deal, we’re not doing it. It’s going well. Top officials are here. We’re very well along on the deal. It’s a very complex deal. one of the biggest deals ever made, maybe the biggest deal ever made. It will be a great deal for our farmers. Technology, intellectual property theft. Everything is covered. There’s not a thing that’s not covered. We could have made a quickie, but we’re in a very good position. Our economy is way up. China is not way up. And we’re either going to make a very good deal or we’re not going to make a deal. It looks like the deal is moving along nicely.

Full statement issued by President Trump on Thursday – Source Whitehouse.gov Briefings

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