AFP/File | President Donald Trump is denouncing Tehran's "brutal and corrupt" regimeWASHINGTON - 24 May 2018: U.S. President Donald Trump has signaled a new direction in U.S.-China trade talks and said any deal would need “a different structure,” fueling uncertainty over current negotiations.In an early Wednesday morning post on Twitter, Trump said the current track appeared “too hard to get done” and cited difficulties such as verification, but he gave no other details about what he or his administration was looking for amid ongoing negotiations.Representatives for the White House did not respond to a request for more information about the president’s statement.“Our trade deal with China is moving along nicely, but in the end we will probably have to use a different structure in that this will be too hard to get done and to verify results after completion,” Trump wrote in his post.U.S. stocks slipped after his comments, but ended Wednesday up after release of the minutes of the last Federal Reserve meeting, which indicated a gradual approach to interest rates hikes.On Thursday, the Trump comments on China trade talks and the launch of a U.S. national security probe into U.S. auto imports dented shares of Asian automakers.Trump’s statement comes amid the negotiations between the world’s two largest economies after potential tariffs on both sides raised fears of a trade war, even as some tensions have eased over signs of some possible progress.Both sides claimed victory on Monday and pledged to continue talking after last week’s round in Washington produced pledges that China would import more American energy and agricultural commodities so as to trim the $335 billion annual U.S. goods and services trade deficit with China, although there were no specifics. [nL3N1SS1VH]“China unswervingly defends its core interests, and did not make any promise on cutting its trade surplus with the U.S. by a specific figure,” Gao Feng, spokesman at the Chinese commerce ministry, said on Thursday.But both sides are willing to strengthen cooperation in agricultural, energy, medical, high-tech products as well as the financial sector, Gao told reporters at a regular briefing in Beijing.U.S. Commerce Secretary Wilbur Ross was expected to visit China next week to help finalize an agreement. On Tuesday, however, Trump raised doubts the meeting would take place as planned, and suggested Kim’s recent meetings with Chinese President Xi Jinping had influenced Kim to harden his stance.

Source: Egypt Today May 24, 2018 04:41 UTC