Trump opens door to trade deal with China soon

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President Donald Trump said he is optimistic about resolving the US trade dispute with China after receiving a response to his demands from Beijing, ahead of a widely anticipated meeting with China's Xi Jinping in Argentina this month.

Washington has been ramping up pressure on Beijing in recent years, imposing tariffs on Chinese goods and lately accusing China of interfering in United States domestic politics.

A similar statement was issued by the White House Director of the National Economic Council Larry Kudlow, who told CNBC on November 13 that the USA and China have resumed contact at all levels over trade.

While the offer is not acceptable yet, he said he was optimistic for an agreement to get "reciprocal" trade.

Trump indicated he will continue to continue to take a hard line with China until the country changes. Politico had detailed that President Donald Trump is expected to meet the Chinese President after the conclusion of the G20 in a "meeting plus dinner" event.

"I think that they're going to come in, and we're going to either open up China and make it fair, because it's not fair right now".

Washington (CNN Politics) President Donald Trump on Friday raised the prospect of ending his escalating trade war with China, but signaled U.S. negotiators still want more a few more concessions from their largest trading partner.

The US president has repeatedly railed against Beijing over intellectual property theft, industrial subsidies, Chinese entry barriers to American businesses and the US trade deficit with China.

The items on Beijing's non-negotiable list were unacceptable to the United States, the official said. Both head of state also welds great power, with President Donald Trump's control on trade tariffs unperturbed by the latest midterms election results.

But so far, Washington's tariffs on Beijing have not provided a remedy, with the USA deficit on track to set a record in 2018.

Meanwhile, Commerce Secretary Ross said top Chinese trade negotiator Liu He would arrive in the USA yet again for "some informal talks".

"We will continue to fly and sail where ever worldwide law allows and our interests demand".

US Trade Representative Robert Lighthizer, meanwhile, pushed back Thursday on reports that he told industry executives that a new tranche of tariffs was on hold.

The White House has deliberately curtailed trade advisor Peter Navarro's public profile amid a clash with top economic advisor Larry Kudlow, a person with knowledge of the matter told CNBC on condition of anonymity.

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