Trump Says "We Feel Good" About U.S.-China Trade Talks

TIME

The U.S. and China have raised new tariffs and export controls on each other, but they may just be a negotiating tactic.  President Donald Trump reacted with rare reassurance Sunday night after renewed trade tensions last week threatened to unravel progress towards a U.S.-China trade deal. China last week unveiled wide-ranging global export controls on rare earths, to the dismay of European and Asian nations, as well as the U.S., which has itself imposed several restrictions on China even after the countries reached a trade-war truce in May. In immediate response, Trump threatened to raise the U.S. tariff on Chinese goods to more than 100%, place export controls on critical software, and pull out of a future meeting with Chinese President Xi Jinping.

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00:00You guys have a very interesting couple of days.

00:03We have Japan, and then we have South Korea,

00:06but we have China coming, and it's going to be very interesting.

00:09I have a lot of respect for President Xi,

00:12and we are going to — I think we're going to come away with a deal.

00:16But I really feel good.

00:19Our country is doing so well economically.

00:21It's doing so incredibly well.

00:23The Democrats should let it open.

00:25I guess they don't do that because it's doing so well.

00:28I think we had a very good meeting, Janus and myself,

00:31with our counterpart, the Vice Premier,

00:33and we have a framework for President Xi to decide on,

00:40and we discussed a wide range of things from tariffs, trade, fentanyl,

00:47substantial purchase of U.S. agricultural products.

00:52And rare earths.

00:53And rare earths.

00:55Nothing has been agreed to yet.

00:57How do you feel about it?

00:58We feel good.

00:59We feel good.

01:00I mean, we feel good.

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