President Donald Trump and Chinese President Xi Jinping spoke by telephone Friday about the phase-one U.S.-China trade deal, with Trump describing the exchange as “a very good talk,” in a tweet following the call.
Trump said China “has already started large scale purchases of agricultural product & more,” and added a formal signing of the phase-one trade deal is “being arranged.” Late last week, Treasury Secretary Steven Mnuchin indicated the signing will take place in early January.
For his part, Xi also spoke positively after speaking with Trump, saying the trade deal would benefit both countries and help advance the world economy, Chinese state-run media outlet Xinhua reported. At the same time, Xi warned that China has “serious concerns” about what it views as U.S. interference in Taiwan, Hong Kong, Xinjiang and Tibet.
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