UPDATED 10:22 AM PT — Wed. Dec. 5, 2018
President Trump is continuing to voice optimism over trade tensions with China, indicating he believes China will fulfill the promises it has made.
In a series of tweets Wednesday, the president said there were very strong signals being sent by China after officials returned home from the G20 summit. President Trump said he believes what President Xi said at their meeting in Argentina, and said all subjects were discussed.
Very strong signals being sent by China once they returned home from their long trip, including stops, from Argentina. Not to sound naive or anything, but I believe President Xi meant every word of what he said at our long and hopefully historic meeting. ALL subjects discussed!
— Donald J. Trump (@realDonaldTrump) December 5, 2018
According to trade adviser Larry Kudlow, the president’s confidence in his relationship with President Xi could be one of the leading factors that leads to a trade agreement,
“There was real chemistry between the two leaders, real chemistry, and as President Trump’s tweets indicate — only they can get this done,” said Kudlow. “I think that’s correct, I think we’re going to make great progress.”
China also appears to be optimistic it can reach an agreement with the U.S. On Wednesday, the country’s commerce ministry said it is confident a deal will be agreed upon, adding, both sides have a clear timetable and road map. The ministry also said the meeting in Argentina was very successful.
Treasury Secretary Steven Mnuchin echoed those sentiments shortly after that meeting, indicating progress like this has rarely been seen.
“This is the first time we’ve had an agreement between the two president’s,” he explained. “It was very specific, this was a three-hour dinner that went through very, very specific issues that are agreed and now it’s our turn to turn it into a document on the two teams.”
Trade Representative Robert Lighthizer is currently leading talks for the U.S., and has been widely praised by both Mnuchin and Kudlow over his role. They have claimed he’s the best in the business at what he does. Lighthizer was a key player in the trade deal agreed to by the U.S., Canada and Mexico.