>> Very much wanna make a deal. I think we'll make a deal with China, and I think it'll be a very fair deal for everybody. But it will be a good deal for the United States.>>
]>> Fresh signs that trade war hostilities between the world's two biggest economies are easing.
US President Donald Trump on Friday touted his progress with China, after a call with Chinese President Xi Jinping this week. The two leaders are set to discuss trade on the sidelines of a G20 Summit in Argentina at the end of the month. On Saturday, Beijing said it too is willing to resolve trade issues with the US, emphasizing mutually respectful talks on equal footing.
But there could be some way to go before that's reached. White House officials say trade talks cannot resume until Beijing outlines specific actions to meet US demands. That includes sweeping changes to its policies on tech transfers, industrial subsidies, and market access. Trump's top Economic Advisor, Larry Kudlow, also striking a more cautious tone than the President.
He told CNBC on Friday, quote, there is no mass movement, there is no huge thing, and we're not on the cusp of a deal.