US PRESIDENT Donald Trump repeated his optimistic tone towards the prospect of
striking a trade deal with Beijing in the near future, telling reporters that
"they [China] very much want to make a deal" and that it will be
"a very fair deal for everybody."
"We've had a very good
discussions with China, we're getting much closer to doing something,"
said President Trump.
US markets edged up on the
president's remarks, despite earlier swings following a report by Bloomberg
that the White House was drawing up plans for a China trade deal, which was
subsequently denied by Larry Kudlow, director of the National
Economic Council.
"There's no mass movement,
there's no huge thing. We're not on the cusp of a deal," Mr Kudlow told CNBC.
Mr Kudlow is a. financial analyst
and former television host and was appointed by President Trump earlier this
year. He began his career as a junior financial analyst at the New
York Federal Reserve, leaving government to work at Paine
Webber and Bear Stearns.
Source : HKSG.
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