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Trump Upbeat on US-China Talks as Beijing Underscores Tariff-Cut Demands

Reuters

   WASHINGTON/BEIJING - U.S.-China trade talks are "moving right along,"
   President Donald Trump said Thursday, striking an upbeat tone even as
   Chinese officials held fast to their line that existing tariffs must
   come off as part of an interim deal to de-escalate the 17-month trade
   war between the two powers.

   "It's moving along very well," Trump told reporters when asked about
   the talks, a refrain of comments made Wednesday.

   Earlier in the week, though, Trump rattled global markets when he said
   a deal might have to wait until after the 2020 election.

   His remarks came after Chinese officials reiterated their stance that
   some U.S. tariffs must be rolled back for a phase one deal.

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