Donald Trump says China wants to buy oil, soybeans from US

President Trump announced China's intent to purchase US oil and soybeans following his meeting with Xi Jinping. Discussions also covered Visa's market access, trade deals, and regional security, including Iran and Taiwan. Trump described Xi as a d...

AP
President Donald Trump participates in a welcome ceremony with China's President Xi Jinping at the Great Hall of the People
US President Donald Trump asserted on Friday that China ⁠wants ⁠to buy oil and soybeans from the United ⁠States, after he met Chinese counterpart Xi Jinping during his state visit to Beijing.

"They've agreed they want to buy oil from the United States," Trump said in an interview with Fox News.

China, the key foreign customer of Iranian oil, bought small amounts of US oil before Trump imposed tariffs last year and has sharply slowed down purchases of US soybeans, turning instead to Brazil.


He also ‌raised ⁠the ⁠issue of Visa in a meeting with China's President Xi Jinping, wanting greater access to China's ⁠credit card ‌market.

Also read: US, China will have 'a fantastic future together', Trump tells Xi at Beijing meeting

Trump wraps China visit

The US president will wrap up his visit to Beijing on Friday with a private meeting at Xi Jinping's official residence.

ADVERTISEMENT
During a series of meetings and events, the US and China discussed numerous issues such as the Iran war, trade, technology and Taiwan.

Trump announced that Xi has extended support as China wants to help negotiate an end to the war and a reopening of the Strait of Hormuz. Trump also said that Xi assured him that China would not provide Iran with military equipment.

During the meeting, Xi warned Trump that differences over Taiwan could bring the US and China into clashes or conflict. This remark comes after the US president authorized an $11 billion arms package for Taiwan in December, but has not moved forward with delivery.

Trump also focused on trade and deals for Beijing to buy more agricultural products and passenger planes, setting up a board to address their differences and avoid a repeat of the trade war ignited last year after Trump’s tariff hikes.

ADVERTISEMENT
The US president described Xi as ‘warm’ but not prone to small talk.

“He’s all business,” Trump said in an interview with Fox News that followed Thursday’s meeting with Chinese leader Xi Jinping. “There’s no games. There’s no talking about how nice the weather is.”
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › Global Trends › Donald Trump says China wants to buy oil, soybeans from US
Text Size:AAA
Success
This article has been saved

*

+