PRESIDENT Donald Trump speaks during a meeting with American manufacturers in the Oval Office of the White House on Thursday. AP
WASHINGTON — President Donald Trump on Thursday hailed “tremendous progress” after two days in US-China trade talks, welcoming a “beautiful” letter from his Chinese counterpart Xi Jinping, who said he hoped for further cooperation.
Trump’s comments were an upbeat conclusion to the latest round of talks but the White House emphasized the two sides still faced the “hard deadline” of 1 March to avoid another sharp escalation in their trade war.
Economists say that prospect — which would mean more than doubling US tariffs on $200 billion in Chinese goods — would be a body blow to the global economy.
In a letter from Xi to Trump that was read out by the Chinese delegation, Xi said relations were at a “critical” stage and that he hoped “our two sides will continue to work with mutual respect.”
Trump said relations between the two countries are “very, very good.”
American trade officials are due to travel to China next month for the next round in shuttle diplomacy after which, Trump said, he and Xi will meet to strike the final bargain.
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