Trump wants Russian Federation and China to Invest extra in Peace

Donald Trump Says He Calls China’s Leader ‘King’ and Xi Likes It Like That

Chinese President Xi Jinping said in a message to his U.S. counterpart, Donald Trump, that new substantial progress has been made on the text of the China-U.S. economic and trade agreement in the past more than one month.

United States officials demand that any agreement have teeth and Lighthizer, the USA trade representative, has said tariffs offer crucial leverage should Beijing backslide on its commitments.

Xi encouraged the two sides to maintain the spirit of mutual respect, equality and mutual benefit, and resolve issues of mutual concern so as to conclude negotiations on the agreement as soon as possible.

"Goods trade between the world's two largest economies totaled 660 billion US dollars a year ago, consisting of imports of 540 billion USA dollars from China and 120 billion US dollars in exports to China".

USA and Chinese officials are still discussing when the two leaders could sit down to sign off on their trade deal. "I do think that because we got direct guidance by two great President Xi and President Trump", he said. "If it's not a great deal, we're not doing it".

Trump has proven unpredictable in past White House meetings with Liu, openly challenging U.S. Trade Representative Robert Lighthizer in late February over the use of the term "memorandum of understanding" in the talks.

Later in his remarks, Trump said Washington and Beijing have a global responsibility and that a US-China trade deal would be a "tremendous thing for the world".

He also expressed appreciation for Xi's decision to crack down on the powerful opioid fentanyl, saying that it is of great importance to Americans, and for the anti-drug cooperation between China and the US.

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" Among Russia, China and us, we are actually all developing weapons for hundreds of billions of dollars, capable of mass destructions, that is outrageous". Liu, who took part in talks this week in Washington, said the two sides had "reached new consensus on such important issues as the text" of a trade agreement, according to Xinhua.

Mr. Trump said that any summit would be "here", but he did not specify whether he meant Washington or elsewhere in the US.

Despite strained ties between the two countries amid a lengthy trade war, the US president told a fundraising dinner in Washington, D.C. on Tuesday that he stroked Xi's ego by calling him a monarch.

Trump must not settle for a short-term political deal that doesn't include real, enforceable ways to hold China accountable for its promises, he demanded.

The White House is particularly focused on Chinese purchases of American goods through the second quarter of 2020, in an effort to narrow the trade balance ahead of Trump's re-election bid. "If they don't do it, we're going to tax the cars", the president said.

"Sterling has been the weakest currency overnight, giving back the gains we saw this time yesterday", said NAB's head of foreign exchange strategy Ray Attrill.

After meetings in Beijing last week, Lighthizer and Treasury Secretary Steven Mnuchin are holding talks in Washington with Liu and a Chinese delegation this week.

Other non-binding promises China has offered to implement by 2029 wouldn't be tied to potential USA retaliation, they said, without elaborating.

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