Is there a Trump-China deal in the offing? We'll see

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Donald Trump and Xi Jinping expressed optimism ahead of meeting later this month in Argentina, with the United States leader saying his Chinese counterpart wants to make a deal to end an escalating trade war.

In their talks on Thursday night, Xi told Trump that the two sides had to come up with a proposal to settle the trade war, while Trump said the two men had a "long and very good conversation" on several issues, including trade and North Korea.

"Xi said both he and Trump have good visions for a healthy, stable development of the China-US relations as well as expanding economic and trade cooperation, and they should make efforts to realize the wishes", Xinhua said.

The Chinese president was also quoted as saying that he was willing to meet Trump in Argentina during the G-20 summit. And they're having a hard time, and they'll be fine, ' Trump said Wednesday.

The Trump administration this year has already imposed tariffs on $250 billion in trade with China and is threatening to impose tariffs on all remaining imports from China, which last year were worth $505 billion.

Hong Kong and Shanghai led another rally across Asian markets on Friday after Donald Trump's tweet hailing positive talks with Chinese President Xi Jinping was seized on by dealers hoping for a breakthrough in their trade row.

"He wants to do it", Mr Trump said of Mr Xi. "And let's see what happens", Trump said at a White House event.

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Citing people familiar with the matter, the report said it was unclear if Trump was easing up on demands that have been resisted by Beijing, and cited one person who said intellectual property theft was a potential sticking point in a deal.

Tennessee Senator Lamar Alexander told the official the USA and China are competitors not adversaries and suggested they can prosper together.

Bloomberg reported on Friday that Trump wants to reach a trade agreement with China at the G20 meeting. He gave no indication whether they made progress on settling an escalating tariff war over Beijing's technology policy.

"No country presents a broader, more severe threat to our ideas, our innovation, and our economic security than China", Wray said.

"We are changing them".

Attorney General Jeff Sessions, center, announces the creation of a new initiative to crack down on Chinese intelligence officials pilfering intellectual property from USA corporations during a press conference in Washington, Nov. 1, 2018. Suddenly, talks of 7.00 has nearly all but evaporated and the surge higher in the yuan here will continue to give added backing to gains seen in the aussie and the kiwi ahead of the U.S. jobs report later. In response, Beijing said it would impose taxes on 5,207 USA imports worth about $60 billion.

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