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Friday, February 1, 2019

Trump Says Comprehensive Agreement Within Reach With China

While the official statement issued by the White House signaled there were still big differences between the U.S. and China, President Donald Trump said, "I think we're going to make a deal with China. But it's going to be a very comprehensive deal. We're going to cover everything, OK?" In a press briefing with Chinese Vice Premier Liu He, who led the talks for China, Trump said China had agreed to buy U.S. soybeans. Liu commented that the purchases would be 5 million metric tons "per day," but the White House later clarified that it was just a total of 5 million metric tons. The Xinhua News Agency said a statement from the Chinese delegation indicated that the discussions made "important progress" given the current stage of the talks and the two sides had "candid, specific and fruitful" discussions. The news agency also reported that China will "substantially" expand imports of agriculture, energy, industrial products, but the report did not indicate any tonnage or dollar amounts involved. Trump said the extra buys will include corn and wheat along with other products. Details now remain a key.