"We are looking probably to be ahead of schedule to sign a very big portion of the China deal, we'll call it Phase One but it's a very big portion," he told reporters at Joint Base Andrews before leaving on a visit to Chicago.
Leaders of the world's two biggest economies are working to agree on the text for a "Phase 1" trade agreement announced by Trump on Oct.
Trump has said he hopes to sign the deal with China's President Xi Jinping next month at a summit in Chile.
Trump on Monday said the signing was planned for the summit but made a reference to recent political unrest in Chile and said he believed they could work things out.
The U.S. president said the phase one portion would "take care of the farmers" and "also take care of a lot of the banking needs." "So we're about I would say a little bit ahead of schedule maybe a lot ahead of schedule," he said.
Agricultural products are a major area of discussion.
Beijing wants the United States to cancel some existing U.S. tariffs on Chinese imports, according to people briefed on high-level telephone discussions on Friday, in return for pledging to step up its purchases of U.S. commodities like soybeans.
The United States wants Beijing to commit to buying these products at a specific time and price, while Chinese buyers would like the discretion to buy based on market conditions.
Beijing and Washington are trying to calm a nearly 16-month trade war that is roiling financial markets, disrupting supply chains and slowing global economic growth.
Trump agreed earlier this month to cancel an Oct.
15 increase in tariffs on $250 billion in Chinese goods as part of a tentative agreement on agricultural purchases, increased access to China's financial services markets, improved protections for intellectual property rights and a currency pact.
[NFA] A federal appeals court on Friday rejected an attempt by U.S. President Donald Trump's campaign to block President-elect Joe Biden from being declared the winner of Pennsylvania, dealing another significant setback to Trump's bid to overturn the Nov. 3 election. This report produced by Jillian Kitchener.
An Iranian scientist long suspected by the West of masterminding a secret nuclear bomb program was killed in an ambush near Tehran on Friday that could provoke confrontation between Iran and its foes in the last weeks of Donald Trump's presidency. Lisa Bernhard produced this report.
On Friday, US stocks made gains as hopes for a peaceful transition to the Biden administration offset concerns about soaring COVID-19 cases. Business Insider reports S&P 500 closed at a record high. On Thursday Pres. Donald Trump said he'd hand over power when the Electoral College certifies President-elect Joe Biden as the winner of the 2020 election. The US reported 125,082 new coronavirus cases on Thursday. That brought the seven-day average to 163,831, according to the COVID Tracking Project. Deaths topped 254,000, and hospitalizations jumped above 90,000. The stock market's "fear gauge" fell as low as 19.51 on Friday, dropping amid low trading volumes to its lowest level since the pandemic began.
China's foreign ministry said on Monday that Beijing hoped to have a "healthy and stable relationship development" with U.S., after a source said President-elect Joe Biden will nominate Antony Blinken as secretary of state.
Police in Hong Kong said they had arrested three former lawmakers on Wednesday morning over May and June incidents in which foul-smelling liquid was thrown in the city's legislature, an act police said was intended to cause harm. Libby Hogan reports.
Prime Minister Narendra Modi spoke on terrorism, Covid-19 among other issues during his virtual speech at 12th BRICS summit. Addressing the summit of five-nation grouping BRICS via videoconferencing, the prime minister also said there was a need to tackle the problem of terrorism in an organised manner. "Terrorism is the biggest problem the world is facing. We have to ensure that the countries that support and assist the terrorists are also held guilty," the prime minister said. The 12th BRICS summit, hosted by Russian President Vladimir Putin, was also attended by Chinese President Xi Jinping, Brazilian President Jair Bolsonaro, and South African President Cyril Ramaphosa. Watch the full video for more details.
Credit: HT Digital Content Duration: 08:46Published
In their first calls with President-elect Joe Biden since the U.S. election, the leaders of Japan, South Korea and Australia reaffirmed their commitment to tackling climate change and regional security. Gloria Tso reports.
Beijing has yet to congratulate Joe Biden on his presidential victory. But China's state-backed media has weighed in, saying it could be good news for bilateral relations going forward, especially when it comes to trade. Eve Johnson reports.
[NFA] Cities across the United States are imposing new restrictions in an effort to slow the spread of record new coronavirus infections but a top advisor for President-Elect Joe Biden said there are no plans to "shut the whole country down." Conway G. Gittens reports.
The battle between the Trump administration and China has piled on pressure in an already strained Farm Belt.
According to Markets Insider, it's leaving an increasing number of growers unable to stay..