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Thursday, September 26, 2019

Mixed Signals Continue from Trump on China Trade Deal Prospects

President Donald Trump Wednesday again shifted his commentary on the U.S.-China trade situation, proclaiming that an agreement between the two sides could come faster than most think.

"They want to make a deal very badly... It could happen sooner than you think," Trump told reporters in New York. He said China was trying to be nice to him and added to reporters: “I was nice to them.” Later on Wednesday, Trump commented, "We're having some very good conversations.”

He continued his positive tone, stating, "China is starting to buy our agricultural product again. They’re starting to go with the beef and all of the different things, pork, very big on pork."

But as he has shown previously, he followed up by commenting, “The question is, do we want to make a deal?”

His Wednesday remarks stand in contrast to the harsh words he delivered at the UN on Tuesday. “Not only has China declined to adopt promised reforms, it has embraced an economic model dependent on massive market barriers, heavy state subsidies, currency manipulation, product dumping, forced technology transfers and the theft of intellectual property and also trade secrets on a grand scale,” Trump said.

So the U.S.-China trade situation continues to marked by comments that at times are positive only to be followed by up remarks that quickly dampen hopes this trade issue is going to be resolved soon