Trump says won’t sign China trade deal until he meets with Xi


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Trump says won’t sign China trade deal until he meets with Xi

On Wednesday, the 16th of October 2019, the US President Donald Trump said that he would not be signing any kind of trade deal with Beijing until he met with his Chinese counterpart Xi Jinping over the sidelines of an upcoming APEC Forum scheduled to take place between November 16th and 17th.

On top of that, late on Wednesday (October 16th), speaking to the reporters in the White House, the US President Donald Trump had also added that the partial trade agreement reached with Beijing on last Friday (October 11th) had been in the process of getting legalized.

In point of fact, latest comments from US President Donald Trump follows a partial trade agreement later last week reached between the trade-war-struck Washington and Beijing, while Trump had also withdrawn a tariff hike on $250 billion worth of Chinese imports to 30 per cent from an earlier 25 per cent.

Although, financial markets across the world had been cheering over the news, yet following a Bloomberg report published on Monday (October 14th) which said Chinese delegates were looking towards more talks before finalizing the terms of the partial trade agreement, dubbed as “Phase One” pact by the US President Donald Trump, financial markets appeared to be seeking safety on defensives again.