US President Donald Trump said on Tuesday that he and his Chinese counterpart Xi Jinping will hold a ceremony to sign the Phase-1 trade deal to end their trade war.
“We will be having a signing ceremony, yes. We will ultimately, yes, when we get together. And we’ll be having a quicker signing because we want to get it done. The deal is done, it’s just being translated right now,” Trump said.
China’s Foreign Ministry spokesman Geng Shuang said on Wednesday that Washington and Beijing remained in close contact.
“Both sides’ economic and trade teams are in close communication about detailed arrangements for the deal’s signing and other follow-up work,” Geng said, without further elaboration.
Soybean and rare-earths
Chinese exports of rare earth elements to the US dropped 21.2% month-on-month in November, Bejing government’s customs data released on Wednesday showed.
When it comes to another important item in the trade relations, China bought 2.56 million tonnes of American soybeans in November up from 1.147 million tonnes in October, after waivers to tariffs imposed on US goods for certain importers.
Trump brushed off North Korean leader Kim Jong Un’s implied threat of a “Christmas gift” on Tuesday. The American President said Washington would “deal with it very successfully” if Pyongyang happened to deliver its threat of a long-range ballistic missile launch.
“We’ll find out what the surprise is and we’ll deal with it very successfully. We’ll see what happens,” he said.