Soybeans soar on Trump, Xi tweet trade talk

Asian stocks rally on hope of US-China trade deal

Trump: “the United States could trade with China”

Chinese President Xi Jinping had an "extremely positive" phone conversation with U.S. President Donald Trump about trade and other issues, the foreign ministry said Friday.

He will certainly bring the subject to the table when he dines with the Chinese president Xi Jinping at the G20 meeting in Argentina later this month.

"Both leaders attach great importance to China-U.S. ties and economic ties", Lu said.

"We've had very good discussions with China".

"We are not on the cusp of a deal", Kudlow said. "And I think it'll be a very fair deal for everybody, but it will a good deal for the United States", he said. For example, it's unknown whether he is considering relenting on his administration's hard line against China's theft of U.S. intellectual property, which one of the people said remains a key sticking point in any potential deal.

But by midday, shares had turned negative, weighed down by Apple Inc.'s disappointing earnings forecast and comments from White House economic adviser Larry Kudlow that he was less optimistic than previously about a deal betweenWashington and Beijing.

Trump administration officials have said U.S.

Earlier on Thursday, Chinese Premier Li Keqiang told a group of visiting USA politicians that China and the United States could overcome their differences and get relations back on track if they worked together in a spirit of mutual respect.

The comments came days after Trump warned he would impose tariffs on all China's shipments to the USA before saying he thought he could "make a great deal with China" but it was not yet ready. While Beijing is open to striking a deal that narrows the trade deficit, officials have resisted Trump's other demands - including an end to subsidies for strategic industries, a stop to forced technology transfer and more competition for state-owned enterprises.

"What negotiations have lacked to date has been that (presidential) level of engagement".

He said Trump said in a recent interview that if there are "promising policy discussions, I don't know about a full fledged deal, but if things go well, maybe some tariffs get withdrawn and maybe not".

The meal would give the two leaders more time to talk and create an atmosphere more conducive to negotiations, the sources said. "But China very much wants to make a deal", he said.

"The best situation (from a Trump-Xi meeting) would be no further actions, temporarily".

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