trump like a boss china

Asian stock markets surged on Thursday following an early “holiday gift” from Presidents Xi Jinping & Donald Trump. On Tuesday the U.S. President said that he and Xi Jinping will hold a signing ceremony to ink the first phase of a U.S.-China trade deal.

This was something that was agreed to earlier this month. However, many continue to remain skeptical as there has not yet been a determination to how many phases will actually amount to.

What Are The 2 Sides Saying?

Earlier this month, US Trade Rep Robert Lighthizer said that representatives from both countries would sign a Phase 1 agreement in the first week of January. Furthermore, Chinese Foreign Ministry spokesman Geng Shuang said Wednesday that both countries were in close contact.

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“Both sides’ economic and trade teams are in close communication about detailed arrangements for the deal’s signing and other follow-up work,” Geng said.

“We will be having a signing ceremony, yes. We will ultimately, yes, when we get together. And we’ll be having a quicker signing because we want to get it done. The deal is done, it’s just being translated right now.”

U.S. President Donald Trump

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However, there are some things to keep in mind. Specifically, Beijing hasn’t confirmed specifics of the deal that U.S. officials released. According to a spokesperson for China’s Commerce Ministry, details would become public after the official signing. So I guess time will tell as to the full extent of a formal Phase 1 deal.

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