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Trump Asks Cabinet to Draft Possible Trade Deal With China

  • Leaders set to meet at G-20 summit this month in Argentina
  • Move came after U.S. president and Xi spoke on the telephone
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The yuan rose and treasury yields spiked on the news. Bloomberg’s Jodi Schneider reports.(Source: Bloomberg)
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President Donald Trump wants to reach an agreement on trade with Chinese President Xi Jinping at the Group of 20 nations summit in Argentina later this month and has asked key U.S. officials to begin drafting potential terms, according to four people familiar with the matter.

The push for a possible deal with China followed a telephone call the president set up with Xi on Thursday, the people said, requesting anonymity to discuss internal deliberations.