President Donald Trump said on Friday, Oct. 18, that the U.S.-China trade deal will hopefully be signed by the middle of November.
Trump told reporters that “good things” are happening between the United States and China, referring to the future signing of a new trade deal—one which will put an end to the months-long trade war between the two countries.
“I think it will get signed quite easily, hopefully by the summit in Chile, where President Xi and I will both be,” Trump told reporters at the White House, without providing details.
“We’re working with China very well,” Trump also said.
He said that American farmers and bankers will soon have access to China’s markets—home to a population of about 1.4 billion.
The news comes amid reports that China’s economic growth has slowed to its weakest pace in almost three decades, as a result of the trade war.
According to a new report released Thursday, China has overestimated its nominal and real growth rates on average by about 2 percent between 2008 to 2016.
