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Trump, Xi prepare for difficult talks on trade

Thursday, April 06, 2017 - 01:11

U.S. President Donald Trump opened a two-day summit with Chinese President Xi Jinping, facing pressure to deliver trade concessions for some of his most fervent supporters. Fred Katayama reports.

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President Donald Trump started a two-day summit meeting with Chinese President Xi Jinping at his Mar-a-Lago resort in Florida. The leaders of the world's two biggest economies are expected to talk about trade and the currency. In the past, Trump accused China of manipulating the yuan to keep its exports cheap. He said it steals jobs from America, and vowed to level the U.S. trade deficit with China. But China expert David Dollar of the Brooking Insitution says don't expect any breakthroughs. (SOUNDBITE) DAVID DOLLAR, SENIOR FELLOW AT FOREIGN POLICY, GLOBAL ECONOMY AND DEVELOPMENT, JOHN L. THORNTON CHINA CENTER, THE BROOKINGS INSTITUTION, (ENGLISH) SAYING: "China could offer to open up some specific markets. It promised six months ago to open up the beef market, but it's not importing any U.S. beef. So, China could open a few specific markets, that would be a nice gesture. The main thing is, it would be good to see the two presidents getting along, mutual respect. And that sets a foundation for future negotiations." During the 2016 presidential campaign, Trump promised to stop, what he called, the theft of American jobs by China and rebuild the America's manufacturing base. Many blue-collar workers helped propel him to his unexpected victory and Trump wants to deliver for them.

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Trump, Xi prepare for difficult talks on trade

Thursday, April 06, 2017 - 01:11