🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

China says Xi, Trump in continuous touch

Published 04/11/2019, 08:36
Updated 04/11/2019, 08:41
China says Xi, Trump in continuous touch

BEIJING (Reuters) - Chinese President Xi Jinping and U.S. President Donald Trump have been in continuous touch through "various means", China's Foreign Ministry said on Monday, when asked when and where the two leaders might meet to ink a trade deal.

Trump on Friday suggested he could sign a long-awaited trade agreement with China in the farm state of Iowa, which has been hard hit by tariffs in a nearly 16-month trade war between the world's largest economies.

Trump said on Friday evening that negotiations about a "phase one" agreement were going well and he hoped to sign the deal with Xi at a U.S. location when work on the agreement was completed.

China has so far not been drawn on when and where Xi may go to meet Trump, apart from saying it was "pure speculation" they could meet in the Chinese gambling hub of Macau.

Foreign Ministry spokesman Geng Shuang was equally taciturn on Monday.

"As for a meeting between the leaders of China and the United States, what I can say is that President Xi Jinping and President Trump have maintained continuous contact through various means," he told a daily news briefing, without elaborating.

U.S. and Chinese negotiators have been racing to finalise a text of a 'phase one' agreement for Trump and Xi to sign this month, a process clouded by wrangling over U.S. demands for a timetable of Chinese purchases of U.S. farm products.

A critical date is Dec. 15, when new U.S. tariffs on Chinese imports such as laptops, toys and electronics are set to kick in. Both the United States and China have an interest in reaching a deal and averting those tariffs.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.