U.S. President Donald Trump said on Sunday that trade talks with China were going very well and that weakness in the Chinese economy gave Beijing a reason to work toward a deal.
Chinese economic growth has slowed dramatically in the last two years. By one estimate, the Middle Kingdom’s economy expanded by less than 2% last year.
U.S. officials are meeting with their counterparts in Beijing this week for the first face-to-face talks since Trump and China’s President Xi Jinping in December agreed to a 90-day truce in a trade war that has roiled international markets.
Trump imposed import tariffs on hundreds of billions of dollars of Chinese goods to pressure Beijing to change its practices on issues ranging from industrial subsidies to hacking. China retaliated with tariffs of its own.