President Donald Trump said Friday he was hopeful the U. S. and China will strike a deal on trade but added it has to be reciprocal.
President Donald Trump said Friday that China “wants to make a deal” on trade with the United States, but he also warned that any pact has to be “reciprocal.”
Trump’s comments sent the Dow Jones Industrial Average to its high of the day, briefly trading more than 200 points higher in session highs.
But White House officials immediately after Trump’s remarks told CNBC that people should not read too much into those claims, because there is no sign of a deal coming soon.
After CNBC aired that qualification, the DJIA gave back nearly all of its gains seen on Trump’s statement.
The president spoke to reporters in the Oval Office during the signing of a cybersecurity bill at the White House.
“China wants to make a deal,” Trump said, adding that China had recently sent a list of trade items the nation is open to compromise on.
