Trump to Consider Interim Trade Deal with China
Washington and Beijing have each taken steps over the past few days to help ease the tensions in the ongoing trade war.
U.S. President Donald Trump said he would consider an interim trade agreement with China to help resolve a war that has lasted for over a year.
"A lot of people are talking about – and I see a lot of analysts are saying – an interim deal, meaning we'll do pieces of it, the easy ones first, but there's no easy or hard," Trump told reporters ahead of a congressional retreat in Baltimore on Thursday, according to Fox Business.
He added, "There's a deal or there's not a deal. It's something we would consider, I guess, but we're doing very well."
Trump made a goodwill gesture this week by delaying a tariff hike on $250 billion Chinese imports set to go into effect on Oct. 1. The move was in response to a request from Liu He, China's Vice-Premier and top trade negotiator. The tariffs are now scheduled for Oct. 15.
Liu welcomed Trump's decision in a Thursday meeting with Evan Greenberg, president of U.S.- China Business Council, as reported by Politico. Liu said he will focus on "trade balance, market entity and investor protection," as working-level trade meetings are scheduled for next week, Politico said.
"The whole world is expecting to see progress in China-U.S. negotiations," Liu said on Thursday.
China has also exempted further tariffs on U.S. pork and soybeans, as reported by various media Friday.
The two sides are scheduled to meet in Washington in early October and hold high-level talks for the first time since the meeting in Shanghai two months ago.