Donald Trump hinted that he would consider an in terim trade deal with China, CNBC reported on Friday 13th September.
The president told reporters he would like to make a full agreement with China but has left the door open to striking a limited deal with Beijing.
Trump’s statements followed debate as to what the White House would accept in its ongoing negotiations with China - U.S. stock indexes initially climbed on a report that the Trump administration talked about crafting an interim agreement.
A White House official said the U.S. is “absolutely not” considering such a deal. Later White House spokesman Judd Deere emphasised that the president would prefer a complete agreement.
Trump wants to strike a deal with Beijing and force China to change its trading practices ahead of his 2020 reelection bid.
Meanwhile, following news of a potential easing in trade tensions between the world's two largest economies, privately run Chinese firms bought at least 10 boatloads of U.S. soybeans on Thursday, the country’s most significant purchases since at least June.
This will be a particular boon to Donald Trump when he starts on the campaign for reelection. China has particularly targeted the president’s base in America’s agricultural and post-industrial heartlands in order to bring him to the table.