UPDATE: DonaldTrump says China trade talks going well, predicts ‘good deal’ or no deal
WASHINGTON - US President Donald Trump said on Wednesday that trade talks with China were moving along well and predicted either a “good deal” or no deal between the world’s two largest economies.
He said there would either be “a good deal or it’s not going to be a deal, but I think they’re moving along very nicely.”Mr Trump, citing progress in talks, last week delayed a planned tariff increase to 25 percent from 10 per cent on US$200 billion of Chinese goods. Talks are primarily taking place via video teleconference and going well, Ted McKinney, undersecretary for Trade and Foreign Agricultural Affairs, told a press call.
The US has demanded that China make substantial changes to its laws and practices to protect US intellectual property, end forced transfers of US technology to Chinese firms, curb generous industrial subsidies and open the domestic market to US companies.
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