UPDATE 2-Trump hopes U.S.-China trade deal will be signed by middle of November
(Adds Chinese Vice Premier Liu He to speak on talks Saturday, paragraph 2)
WASHINGTON, Oct 18 (Reuters) – U.S. President Donald Trump on Friday said he thinks a trade deal between the United States and China will be signed by the time the Asia-Pacific Economic Cooperation meetings take place in Chile on Nov. 16 and 17.
Chinese Vice Premier Liu He will provide Beijing’s perspective on the progress of the talks in a speech on Saturday, according to a tweet http://bit.ly/2J5hgRN from editor-in-chief of the Global Times, a tabloid published by the People’s Daily of China’s ruling Communist Party.
“I think it will get signed quite easily, hopefully by the summit in Chile, where President Xi and I will both be,” Trump told reporters at the White House, without providing details.
“We’re working with China very well,” Trump also said.
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The White House has announced that China agreed to buy up to $50 billion of U.S. farm products annually, as part of the first phase of a trade deal, although China seems slow to follow through.
The so-called phase 1 deal was unveiled at the White House last week during a visit by vice premier He as part of a bid to end a tit-for-tat trade war between Beijing and Washington that has roiled markets and hammered global growth. U.S. officials said a second phase of negotiations could address thornier issues like forced technology transfer and non-financial services issues. (Reporting by Steve Holland, Susan Heavey and Lisa Lambert in Washington; additional reporting by Ismail Shakil; Editing by Chizu Nomiyama and Grant McCool)