US President Donald Trump with Chinese Vice-premier Liu He
Amid the US trade talks with China, the American President Donald Trump said on Friday said that his latest meeting with visiting Chinese Vice Premier Liu He was a "big success".
Trump on Thursday met the Chinese leadership in the Oval Office of the White House, to reach an agreement after the two trading powers entered into a trade war and imposed tariffs on more than USD 360 billion in two-way trade.
Trump did not announce where the trade deal has been reached, but he said that the two countries are getting along well.
"The China meeting was a big success. I think we're going to have a... Look, we have a very good relationship. We're going to say... I don't want to predict the deal or not a deal, but we're very well along,” Trump said addressing the reporters at the White House.
Trump has been accusing China of indulging in unfair trade practices, like the theft of US technology and massive state intervention in markets, contributing to the huge trade deficit amounting to USD 375 billion. Now, he wants a trade deal that reduces the deficit and addresses his concerns about theft of intellectual property and technology.
“We really negotiated probably the two hardest points very successfully for our country. And China understands. You know China has taken advantage of our country for 30 years. And we can't do that anymore, not with me,” Trump told the media.
The US president is demanding China to reduce the USD 375 billion trade deficit and protection of Intellectual Property Rights (IPR), technology transfer and more access to American goods to Chinese markets.
Trump also said that he is looking for a trade deal that is enforceable."We have to make sure there's enforcement. I think we'll get that done. We've discussed it at length."
"We're getting very close to making a deal. That doesn't mean a deal is made because it's not, but we're certainly getting a lot closer. I would think within the next four weeks or maybe less, maybe more -- whatever it takes -- something very monumental could be announced," the US President had earlier said.
Chinese Vice Premier Liu said that the US and China have made great progress and gave credit to the presidents of both nations. "I do think that because we got direct guidance by two great President Xi and President Trump," he said.
Last week, negotiators from both the countries met in Beijing to resolve the nine-month-long trade war.
