CEASEFIRE?

Trump Asks Cabinet to Draft Potential China Trade Deal, Says Report

The trade war between the world’s two biggest economies could be drawing to a close after Donald Trump reportedly asked his Cabinet to start drafting potential terms for a trade deal between the U.S. and China. The move, reported by Bloomberg News, followed a phone call between Trump and Chinese President Xi Jingping that Trump praised as “very good” and a Chinese ministry spokesman called “extremely positive.” Four unnamed officials said to be familiar with the matter told Bloomberg News that Trump ordered Cabinet secretaries to have their staff draw up a potential deal that would bring about a ceasefire in the trade conflict. The call between the two leaders was their first publicly disclosed conversation in six months. White House officials later played down reports they were drafting a trade deal, telling CNBC: “There is a long way to go.”