Two days of talks yield a 100-day plan on trade, but no “package” on North Korea.
PALM BEACH, Fla. — President Trump said goodbye to his Chinese counterpart after two days of meetings Friday, declaring that they “made tremendous progress” but without any breakthroughs to announce.
Instead, the two sides agreed on a 100-day plan to address their differences on economic issues, which the Trump administration touted as an accomplishment in itself. Commerce Secretary Wilbur Ross called it “a very big sea change in the pace of discussions. ”
Ross said the Chinese delegation expressed an interest in reducing the trade deficit, which has provided the communist nation with trillions of dollars of hard currency but which has also restricted domestic consumption and fueled inflation. Trump has made reducing that deficit a priority for his own reasons, having campaigned on an platform of economic nationalism that blamed China for stealing American jobs.
Trump had also come into the talks hoping to use the trade issue as leverage to get China to pressure North Korea to give up its nuclear weapons program. That didn’t happen. “There was no kind of a package arrangement discussed to resolve this, ” said Secretary of State Rex Tillerson.
