12/20/2019, 4:30 PM (Source: TeleTrader)
more TeleTrader news

Trump: Had good talk with Xi on 'giant' trade deal

President Trump and his Chinese counterpart President Xi Jinping discussed on Friday the trade accord the US and China have struck, according to the US president. Trump dubbed the phase one trade agreement "giant" and claimed that Beijing had already begun "large scale purchases" of American farm products. However, he gave no update on the date and venue of the document signature, apart from noting that it is "being arranged."

"Had a very good talk with President Xi of China concerning our giant Trade Deal. China has already started large scale purchaes of agricultural product & more. Formal signing being arranged. Also talked about North Korea, where we are working with China, & Hong Kong (progress!)" the US president wrote on his personal Twitter account.

Trump's Treasury Seretary Stephen Mnuchin claimed earlier that Beijing's farm purchases would double as a result of the trade deal and reiterated that it would be signed in early January.

Breaking the News / GG