Skip to content

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

US president Donald Trump to meet China’s Xi Jinping to seal the deal on trade talks

Mr Trump said the talks hailed ‘tremendous progress’ and was optimistic that the world’s two largest economies could reach the ‘biggest deal ever made’.

US president Donald Trump Source: Bloomberg

United States (US) president Donald Trump on Thursday said he will be meeting with Chinese president Xi Jinping soon to try to finalize on the trade deal. The statement comes after the representatives from both countries concluded their two-day trade talk in Washington, US, saying that the trade war negotiations had made major ‘progress’.

Mr Trump said the talks hailed ‘tremendous progress’ and was optimistic that the world’s two largest economies could reach the ‘biggest deal ever made’.

Although no concrete details were made on the upcoming meeting with Mr Xi, Mr Trump said that more than one meeting could pan out. As of now, US’ trade representative Robert Lighthizer and treasury secretary Steven Mnuchin have been invited to bring a negotiating team to China around mid-February.

The talks this week have been ‘very intense, detailed, and specific’, said Mr Lighthizer. Some headway was made from the talks, he added.

‘We have to get this (the deal) put on paper at some point if we agree. There’re some points that we don't agree to yet. I think we will agree. I think when President Xi and myself meet, every point will be agreed to,’ Mr Trump said.

The US has been focusing on agendas such as alleged Chinese theft of intellectual property, technology transfers, and the ownership of American companies in China.

China to increase imports of agricultural, energy products

So far, China has agreed to increase their imports of ‘US agricultural products, energy products, industrial manufactured goods and service products’, according to Beijing’s news agency Xinhua news.

Through the talks, the top negotiator representing China, vice premier Liu He told Mr Trump the country would commit immediately to more soybean purchases. The amount will be at 5 million tonnes, doubling from the current amount bought by China since it resumed limited purchases in December.

Both countries have until March 1, the day the 90-day truce ends, to come to a deal. Once that is over, US tariffs on hundreds of billions in Chinese exports will increase sharply if the problems have not been resolved.


The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer.

Trump’s global trade war

Everything you need to know about Trump’s showdown with China.

  • What’s happened so far?
  • Stocks, oil and other markets to watch
  • How to make the most of volatility

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.