President Donald Trump said on Nov. 26 that the United States and China are close to finalizing a phase one trade agreement.
“We are in the final throes of a very important deal, I guess you could say one of the most important deals in trade ever,” Trump told reporters at the White House on Nov. 26.
“Its going very well, but at the same time we want to see it go well in Hong Kong,” he continued, adding that he believes Chinese leader Xi Jinping would “like to make it happen.”
The remarks was the second time in the past week that Trump had indicated public support for Hong Kong. Since June, the former British colony has been rocked by ongoing protests against growing Chinese regime encroachment on the citys autonomy.
“We are with them,” Trump said, in response to a reporters question to provide a message to the people of Hong Kong who voted in support of the protesters in the citys recent district elections.
On Monday, the pro-democracy camp in Hong Kong beat Pro-Beijing groups with a decisive victory, securing 388 seats out of 452, a result widely seen as a display of public support for the protest movement.
Earlier in the morning, White House advisor Kellyanne Conway said the two countries are getting close to a trade agreement while resolving the structural issues.
“Were getting close and that first phase is significant,” Conway said in an interview with Fox News. “The President wants to do it in phases, in interim pieces because it is a large historic trade deal.”
The phase one deal will work out expectations on farm goods purchases from China and intellectual property protections. The Chinese regime has also called for tariff rollbacks as part of the deal.
“We continue to negotiate, but those forced tech transfers, the theft of intellectual property, the trade imbalance of a half a trillion a year with the worlds second largest economy, China—this makes no sense to people,” Conway said.
“The president wants a deal. But President Trump always waits for the best deal,” she continued, adding that they are already seeing some progress.
China has lifted a five-year ban on U.S. poultry products, which according to U.S. Trade Representative RRead More – Source