China Hails Trump-Xi Summit, Says “Very Confident” in Trade Deal

(From Reuters)

In Argentina last weekend, Trump and Xi agreed to a truce that delayed the planned Jan. 1 U.S. hike of tariffs to 25 percent from 10 percent on $200 billion of Chinese goods while they negotiate a trade deal.

“We are very confident in reaching an agreement (with the United States) within the next 90 days,” China’s commerce ministry spokesman Gao Feng said in a weekly briefing, adding both sides have been communicating and cooperating “smoothly” since the leaders met in Argentina.

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