China's currency surged to a three-month high Tuesday amid optimism that Beijing and Washington are approaching a trade deal.
Trump said that negotiations about a"phase one" agreement were going well and he hoped to sign the deal with Xi at a U.S. location when work on the agreement was completed.
China has so far not been drawn on when and where Xi may go to meet Trump, apart from saying it was"pure speculation" they could meet in the Chinese gambling hub of Macau."As for a meeting between the leaders of China and the United States, what I can say is that President Xi Jinping and President Trump have maintained continuous contact through various means," he told a daily news briefing, without elaborating.
A critical date is Dec. 15, when new U.S. tariffs on Chinese imports such as laptops, toys and electronics are set to kick in. Both the United States and China have an interest in reaching a deal and averting those tariffs.
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