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>> I think that we have made tremendous progress.>> President Donald Trump on Thursday radiated optimism about the current trade talks with China. This after two days of intense negotiations with China's Vice Premier, Liu He, in Washington. The talks were capped with a meeting in the Oval Office, during which both sides appeared hopeful.
>> And now we're gonna have a great trade deal with China if it all works out, and we look forward to it. It's gonna be great for both countries.>> Trump also said he would meet with Chinese president Xi Jinping to try to seal the deal, but no specific plans for the meeting with Xi were announced.
The two nations have been in a tit for-tat tariff battle since last year, shaking world markets and disrupting the flow of billions of dollars worth of goods between the world's two largest economies. Washington says China steals US technology secrets from US companies doing business there, a claim Beijing denies.
The two leaders agreed to a 90-day trade cease fire at the G20 meetings in December.>> I think we can do it by March 1st.>> On Thursday, Trump said he hoped many of their differences would be resolved ahead of a March 1st deadline when US tariffs are set to jump to 25% on Chinese goods if no deal is reached.
>> It is hopeful that China and the US will have the possibility of striking a historical deal.>> As a sign of goodwill, He said China would buy 5 million tons of US soybeans after some purchases had been suspended earlier in the trade dispute.>> That's gonna make our farmers very happy.
>> Trump said any deal must include China opening its markets to US financial services, manufacturing, agriculture and other industries.>> We had two very intense and very long days.>> Trump's top trade negotiator, Robert Lighthizer, and Treasury Secretary Steven Mnuchin will head to Beijing in February to continue the talks.
>> Thank you very much, everybody.