It is not yet clear, however, if Trump reduced his demands on China or if Beijing offered additional trade concessions. A US Embassy spokesman said on Thursday in Beijing that the Trump administration had no plans to send a high-level representative to the expo, adding that China needed to make the necessary reforms to end what the US says are unfair trade practices.
White House economic adviser Larry Kudlow downplayed reports President Donald Trump may implement more tariffs on China as the two nations' trade battle escalates.
"We've had very good discussions with China".
Trump told reporters in Washington that "I know they want to make a deal".
Bloomberg reported on Monday that the United States is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between presidents Donald Trump and Xi Jinping fail to ease the trade war.
The Trump Administration also has taken action to hit the Chinese semiconductor industry, indicting 2 companies accused of stealing trade secrets and banning U.S. software and equipment exports to 1 of them.
Earlier Friday, the Chinese foreign ministry said Trump and Xi had an "extremely positive" phone conversation Thursday. "But China very much wants to make a deal", he said.
News signaling improvements in US-China ties, in turn buoying the markets, would provide the president a chance to vie for support in midterm elections on Tuesday that will decide whether the Republicans keep control of Congress.
Trump has railed against the USA trade imbalance with China since his presidential campaign, and his administration has grown increasingly vocal about calling out alleged corporate espionage and intellectual property theft by Chinese entities.
He also confirmed information about that at the summit of "Big twenty" in Argentina, he is going to meet with Chinese leader XI Jinping.
"Both leaders attach great importance to China-U.S. ties and economic ties", Lu said.