China Hails Trump-Xi Summit, Says "Very Confident" in Trade Deal

Trump: 'very strong signals' that China is ready for a trade deal

Trump: 'very strong signals' that China is ready for a trade deal

The US Commerce Department said the country's trade deficit with China in October expanded 7.1 percent from the previous month to a record 43.1 billion dollars.

China's ultimate goal during the 90-day trade talks is to remove all USA tariffs imposed on Chinese goods, Gao said. He said nothing about purchases.

That was compounded by news that a top executive at Chinese telecoms giant Huawei had been arrested in Canada and faces extradition to the U.S. over allegations the firm had broken sanctions linked to Iran. That suggested President Xi Jinping's government sees the trade negotiations as too important to disrupt.

Chinese President Xi Jinping and his US counterpart Donald Trump recently held a meeting at a working dinner in Buenos Aires, reaching important consensus and agreeing not to impose new additional tariffs. That caused global stock markets to sink Tuesday after Trump revived threats of tariff hikes, though share prices rebounded following positive Chinese statements on Wednesday. "In the next 90 days we will work in accordance with the clear timetable and road map to negotiate in areas where both sides have an interest and there are mutual benefits, such as intellectual property rights protection, technology cooperation, market access, and the trade balance". Mr Trump said Chinese officials had been sending "strong signals" since they "returned from their long trip [to the G20 in Buenos Aires]".

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"China is full of confidence in reaching an agreement within the next 90 days", the spokesman said.

"When it comes to the trade policies that have been proposed so far specifically, I think we can all expect that there will be further tariff increases on USA imports of Chinese goods, whether that's within the 90-day window that we are now operating under a pause or outside that window", Anderson told a small group of reporters in Beijing on Thursday.

China said Thursday it would "immediately" implement measures agreed under a trade war truce with the United States - and was confident it could reach a deal within 90 days. They say that suggests China will need to find issues on which it can show progress to persuade Trump to extend his deadline.

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