Trump sees ‘very good chance’ of China trade deal


    WASHINGTON- US President Donald Trump said that his administration has a “very good chance” of making a trade deal with China, and insisted there were no links between China talks and his desire for Beijing to investigate Democratic presidential candidate Joe Biden.

    Trump, speaking to reporters before departing the White House, said negotiations to end the US trade war with China were separate from any investigation into Biden, whom Trump has accused of foreign corruption.

    “One thing has nothing to do with the other,” the Republican president said when asked whether he would be more likely to make a deal with China if it investigated Biden. “I want to do a trade deal with China, but only if it’s good for our country.”

    Top-level US-China trade talks are scheduled to resume next Thursday and Friday, when Chinese Vice Premier Liu He meets with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin in Washington

    The talks will be preceded on Monday and Tuesday by deputy-level discussions, White House economic adviser Larry Kudlow said earlier.

    Trump has waged a two-year effort to change China’s trade, intellectual property and industrial policy practices, which he has long said are unfair and have cost millions of US jobs.

    His administration is seeking stronger protections of US intellectual property, an end to forced transfers of American technology to Chinese firms, curbs to industrial subsidies and increased access to China’s largely closed domestic markets.

    In a trade war that has lasted 15 months, the United States and China have heaped hundreds of billions of dollars in tariffs

    “I view China as somebody we’re trying to make a deal with, we have a very good chance of making a deal with,” Trump said. Right now, we’re in a very important stage in terms of possibly making a deal. If we make it, it will be the biggest trade deal ever made.”

    On Thursday Trump publicly urged Beijing to investigate Biden, a Democrat, again raising concerns that he has invited foreign interference in the US presidential election. Last week

    Trump released a transcript of a call where he asked Ukraine’s president to also look into Biden, a request that has triggered an impeachment inquiry by House of Representatives Democrats.

    Kudlow, in television interviews, held out hope for progress in opening China’s financial services markets to American companies in next week’s talks, adding the US team was heading into them “open-minded.”

    “Everything’s on the table, we’d love to go back to where we were in May when we were a lot closer,” Kudlow told Bloomberg TV.

    The Trump trade team hoped to revisit a mostly agreed text from which China had backtracked in May, causing talks to break down, he said.

    The text at that time included an agreement negotiated by Mnuchin that involved the lifting of foreign ownership caps on financial services firms in China. – Reuters