Trump: ‘Signing summit’ with Xi ‘very, very close’home/Business/Top Business/Trump: ‘Signing summit’ with Xi ‘very, very close’WASHINGTON, D.C.: US President Donald Trump said Monday he expected to hold a “signing summit” with China’s President Xi Jinping to seal a trade deal as discussions were in the “advanced stages.”The comments cheered global stock markets as they confirmed the dispute would not ratchet up immediately, averting an even bigger impact on the global economy. On Monday he said he expected negotiations to resume quickly and “we’re going to have another summit” with Xi. “We’re going to have a signing summit, which is even better. Trump last week said he expected to meet with Xi at his Mar-a-Lago resort in Florida sometime in March. Asked by a reporter about the memorandum of understanding or MOUs due to be signed with China, Trump said he did not like MOUs because he wanted something more binding.

Source: Manila Times February 26, 2019 16:52 UTC