12/7/2018, 2:32 PM (Source:
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Trump says talks with Beijing are going 'very well'

United States President Donald Trump stated on Friday that "China talks are going very well." Trump's comments come after the Chinese Commerce Ministry issued a statement that Trump's talks with President Xi Jinping at the G20 summit in Buenos Aires were very successful and that it is confident the two sides will be able to reach a consensus on trade.

The US president pointed out earlier in the week that he thinks the negotiations will be finalized within 90 days, "unless they get extended." He said the US delegation would be led by Robert Lighthizer, Steve Mnuchin, Larry Kudlow, Wilbur Ross and Peter Navarro, who will see if a "real deal is possible to achieve with Beijing." Trump's comments caused stock market investors to adopt a more cautious approach, leading to sharp market losses earlier in in the week.

Breaking the News / SS