President Trump on Monday touted \u201cstrong\u201d relations with China in the wake of his Group of 20 (G-20) Summit meeting with Chinese President Xi\u2026<\/b>
\nPresident Trump on Monday touted \u201cstrong\u201d relations with China in the wake of his Group of 20 (G-20) Summit meeting with Chinese President Xi Jinping,\u00a0claiming in a series of tweets that only he and the Chinese\u00a0leader could reach an agreement on trade and other matters.
\u00ab\u00a0President Xi and I have a very strong and personal relationship,\u00a0\u00bb Trump wrote on Twitter. \u00ab\u00a0He and I are the only two people that can bring about massive and very positive change, on trade and far beyond, between our two great Nations. A solution for North Korea is a great thing for China and ALL!\u00a0\u00bb
The president appeared to revel in the outcome of his meeting with Xi on Saturday, where the two sides agreed to\u00a0hold off on further tariff increases amid trade negotiations. The pact was seen as a\u00a0step forward between the world’s top two economies\u00a0as the two sides had been locked in an escalating trade dispute for months.
\u00ab\u00a0My meeting in Argentina with President Xi of China was an extraordinary one. Relations with China have taken a BIG leap forward! Very good things will happen,\u00a0\u00bb the president\u00a0tweeted Monday morning.
\u00ab\u00a0We are dealing from great strength, but China likewise has much to gain if and when a deal is completed,\u00a0\u00bb he added.
In a subsequent tweet, the president said farmers, in particular, would benefit from\u00a0an agreement with China. The White House announced on Saturday that China had agreed to start purchasing\u00a0agricultural products \u00ab\u00a0immediately\u00a0\u00bb though it did not specify which products or how much.
Trump said late Sunday night that\u00a0China\u00a0had agreed to reduce and remove tariffs on cars coming into China from the U. S. He did not say when the change would take place, or what the new level would be.
CNN reported Monday that a spokesman for the Chinese Foreign Ministry declined to comment on the tweet, and referred questions to \u00ab\u00a0the relevant authorities.\u00a0\u00bb The Chinese Commerce Ministry did not respond to the network’s request for comment.
China\u00a0earlier this year\u00a0cuts it tariffs for foreign automobiles to 15 percent, but leveled an addition 25-percent tariff on American cars over the summer in response to duties from the Trump administration, bringing the total to 40 percent.
Trump returned late Saturday from his two-day trip to Argentina, where trade was a focal point of many of his meetings. The president signed the new United States-Mexico-Canada trade agreement, negotiated as a revised version of NAFTA.
Trump told reporters that he intends to terminate NAFTA, meaning Congress will have to approve the new trade pact or\u00a0there will be no such deal. Some lawmakers have expressed skepticism about the updated version.
Trump\u00a0met with Xi on Saturday, the first in-person negotiations between the two leaders since the countries had slapped tens of billions of dollars in retaliatory tariffs on\u00a0the other’s goods.
\u00ab\u00a0It\u2019s an incredible deal. It goes down, certainly \u2014 if it happens, it goes down as one of the largest deals ever made,\u201d Trump told reporters on Saturday.
The president\u00a0had previously indicated that he was open to a truce on trade with China, but would not rush into one.
The Chinese foreign ministry also touted the agreement, saying the two sides had \u00ab\u00a0proposed a series of constructive plans on how to properly resolve existing differences and problems.\u201d<\/p>\n