US, China trade talks could wrap in four weeks: Trump

Agence France-Presse

Posted at Apr 05 2019 06:33 AM

FILE PHOTO: US President Donald Trump and China's President Xi Jinping meet business leaders at the Great Hall of the People in Beijing, China, November 9, 2017. Reuters

WASHINGTON - President Donald Trump said Thursday that the United States and China could wrap up trade talks within 4 weeks after making quick progress on the potentially "epic" deal.

"We are getting very close to making a deal," he said ahead of a White House meeting with Chinese trade envoy Liu He. "Progress is being made at a very rapid pace."

"We will probably know over the next 4 weeks. It may take 2 weeks after that.... It's looking very good."

A deal would allow a summit between him and Chinese President Xi Jinping, he said.

Earlier, Trump said that the negotiations were for an agreement covering the full range of US concerns. 

"Everything is covered, there's nothing that's not covered," Trump said, referring to the scope of US demands.

"It's got to be a great deal," he said. "If it's not a great deal, we're not doing it."

Trump said there was potentially for an "epic" and "historic" agreement.

Last year, Trump launched a trade war with China, seeking to slash that country's soaring trade surplus with the United States, end alleged unfair trade practices such as the theft of American technology and China's massive state intervention in markets.

Washington and Beijing since last year have slapped tariffs on more than $360 billion in 2-way trade, biting into their manufacturing sectors as the world economy shows signs of slowing.