Trump suggesting China will 'take down' its trade barriers

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Trump suggesting China will 'take down' its trade barriers
Chinese workers stand in front of a loaded cargo ship docked at a port in Qingdao in east China's Shandong province, Sunday, April 8, 2018. Amid falling markets, President Donald Trump's new economic adviser, Larry Kudlow, says there is no trade war between the U.S. and China. Another administration official, Treasury Secretary Steve Mnuchin, takes a different tack, saying he's "cautiously optimistic" that before any threatened tariffs go into place the two nations will reach an agreement. Global financial markets have fallen sharply as the world's two biggest economies square off. (Chinatopix via AP)

WASHINGTON (AP) — President Donald Trump is suggesting China will ease trade barriers “because it is the right thing to do” and Washington and Beijing can settle disputes that have rattled financial markets, consumers and businesses.

A new Trump tweet doesn’t explain why he’s optimistic about resolving an escalating trade clash between the world’s two biggest economies.

Trump says he and Chinese President Xi Jinping (shee jihn-peeng) “will always be friends, no matter what happens with our dispute on trade.”

Trump insists “China will take down its Trade Barriers because it is the right thing to do. Taxes will become Reciprocal & a deal will be made on Intellectual Property. Great future for both countries!”

The U.S. is pushing for a crackdown on what it says is China’s theft of U.S. intellectual property.