Trump, Xi eye G20 talks after 'very good' phone call

Randal Sanchez
November 2, 2018

"Those discussions are moving along nicely", Trump wrote on Twitter.

Mr Trump asked key Cabinet secretaries to have their staff draw up a potential deal to signal a ceasefire in an escalating trade conflict, the people said, adding that multiple agencies are involved in the drafting of the plan. The offshore yuan jumped 0.83 percent to 6.8601.

"It is possible some good positive things could - I say could - come out of President Trump-President Xi talks".

The moves also follow media reports that pointed to progress on the US-China trade dispute. "They all want to do it".

"Rebuilt China", Trump told Breitbart at the time.

Meeting a group of Republican senators and one congresswoman in Beijing, Li said that over the past four decades of diplomatic ties, the China-U.S. relationship has had its "share of ups and downs".

But within hours of the upbeat assessments, the US Justice Department took aim at another Chinese firm it accused of unfair practices, part of an across-the-board pressure campaign by the Trump administration targeting China.

Trump made no mention of whether the two leaders talked about the USA indictment unveiled Thursday of two companies based in China and Taiwan accusing them of stealing trade secrets from a US semiconductor company, Micron Technology Inc.

Trump plans 11 rallies in final days of midterm campaign
Currently, Republicans control two-thirds of the legislatures across the country. Some of these seats are in key swing states such as Florida and Pennsylvania.

'We're going way up, and China has been hurt over the last number of months.

Xi said Thursday after speaking with Trump that he hopes China and the United States will be able to promote a steady and healthy relationship, Chinese state media reported.

On Thursday, the U.S. accused a Chinese state-owned company of conspiring to steal trade secrets of USA chip-maker Micron Technology Inc as part of a Justice Department crackdown against China in cases of suspected economic espionage.

The US also sued to stop the companies from exporting to America any products that were created using the trade secrets.

Trump warned that if China doesn't "treat us fairly, we're not going to treat them fairly" in remarks at an event for American workers at the White House.

Just after the upbeat readouts of the Trump-Xi call, the Justice Department announced the latest in a long list of actions against what Trump administration calls China's cheating through intellectual property theft, unfair corporate subsidies and rules hampering USA corporations in China.

Mr Trump's posture toward China has been closely watched by investors, who are looking for the possibility of tensions cooling.

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