Donald Trump, Xi Jinping eye G20 talks after ‘very good’ phone call

To Trump's trade czar the key to boosting U.S. industry is playing hardball with China

To Trump's trade czar the key to boosting U.S. industry is playing hardball with China

It was unclear if Trump was easing up on U.S. demands that China has resisted.

"Just had a long and very good conversation with President Xi Jinping of China", Trump tweeted Thursday morning.

Xi on Thursday said he looks forward to meeting with Trump at the G20 in Argentina, according to China's state media.

It was "hard to know what Trump wants most from China" because of a fragmented administration that had yet to strike a balance among the priorities of various vested interest groups, he said. The two leaders had a telephone call on Thursday that Trump described as "long and very good", and said in a tweet that discussions on trade were "moving along nicely". These include outright cybertheft and forcing United States companies to hand over trade secrets as the price of admission to the Chinese market.

The two countries have been locked in an escalating trade battle, with each side imposing tariffs on billions of dollars worth of imports from each side. "They want to make a deal", Trump said Friday outside the White House.

Federal Bureau of Investigation director Christopher Wray said the USA has filed a civil lawsuit seeking to prevent the two indicted companies, Taiwan-based United Microelectronics Corp. and China's state-owned Fujian Jinhua Integrated Circuit, from exporting any products created using US trade secrets and blocking the further transfer of trade secrets.

Bus plunges into Chinese river after fight between driver and passenger
The official Xinhua News Agency said Friday 13 bodies had been retrieved from the river and two others were still missing. The bus collided with an oncoming vehicle before smashing through barriers and into the Yangtze River on Sunday.

Trump said that in early October China wanted to come in and make a deal, but he told them they weren't ready. -China trade talks can not resume until Beijing outlines specific actions it would take to meet USA demands for sweeping changes to policies on technology transfers, industrial subsidies and market access.

"The best situation (from a Trump-Xi meeting) would be no further actions, temporarily".

The markets were already buoyant after Beijing said it would introduce measures to kickstart the stuttering economy following a string of weak data, including growth at its slowest pace in nine years during the third quarter.

Fujian Jinhua Integrated Circuit Co and Taiwan's United Microelectronics Corp were indicted along with three individuals, the Justice Department said.

Xinhua, China's state news agency, reported on Friday that Mr Trump had told the Chinese leader that "he looks forward to meeting Xi during the G-20 summit so they can have an in-depth discussion about some major issues". -China Business Council in Beijing, said there were plenty of challenges that would require significant negotiations in advance of a meeting between Trump and Xi to ensure success.

"While we are still cautious over a full resolution of recent tensions in the medium term, resumption of dialogue between Washington and Beijing would be good enough to investors for now". In response, Beijing said it would impose taxes on 5,207 USA imports worth about $60 billion.

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