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US President Donald Trump Confident of Reaching Trade Deal with China Amid Ongoing Negotiations

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US President Donald Trump has expressed confidence in reaching a trade deal with China to end the ongoing trade war. He stated that "top officials" in Beijing have been in contact with Washington, and while good trade talks have been held, more remains to be achieved.

    1. The unilateral tariff increases were entirely initiated by the United States.
    1. We stand with the Chinese government, for the well-being of our people and for our national economic interests, as well as the overall development and stability of our country.
    1. I may not want to go higher, or I may not want to even go up to that level. I may want to go to less, because, you know, you want people to buy.
    2. We have a big beautiful store and everybody wants a piece of that store.
    3. Yeah, we're talking to China. I would say they have reached out a number of times.
    1. Xi is seeking to portray China as the status-quo power and the US as an unpredictable disruptor.
    1. Who will blink first depends on who can stand more pain and who is better prepared.
    1. He's obviously a deals guy in real estate, but not international markets … How he thinks is, 'How can I win and how can I make the opponent lose?'
    2. Markets are layered through the different stages of production, you've got components coming from all over the world. The global economy is finely chopped up vertically, so it's not obvious who the winners and losers are.
    3. How does Trump deal with US firms that need their goods from China for their factories to work? It's not black and white.
    1. The Trump administration has miscalculated that China would quickly come to the negotiating table and would respond to threats.
    1. The Apprentice worked because he was a mid-level host with no power, being managed by others.
    2. Trump has this misguided obsession with tariffs and he blinks because he comes under pressure from special interests – the wealthy class that has been losing huge amounts of wealth in stock and bond markets.
    3. The process [of giving in] begins and will continue before anyone ever gets to Beijing. And Beijing can sit back and watch.
    4. Every public policy negotiation has layers of negotiation: the negotiation with those across the table and the many with those behind you [who helped you] to get to the table.
US President Donald Trump Confident of Reaching Trade Deal with China Amid Ongoing Negotiations