Trump: Markets Will See "A Very Big Spike" If Trade Deal Gets Done | WHAT REALLY HAPPENED

Trump: Markets Will See "A Very Big Spike" If Trade Deal Gets Done

As markets sink further into the red during what will likely become their worst week of the year, more skeptical reports about the likelihood of a deal have emerged.

On the heels of a report that a tentative summit with President Xi had been pushed back, the Financial Times returned with comments from a senior administration official, who reiterated that the President would "walk away" from a bad deal. In comments during a conference on Friday, Williams acknowledged that negotiations "aren't exactly where we need to be."

A senior White House official said president Donald Trump was prepared to “walk away” from a “bad” trade deal with China, stressing that there is “work left to be done” in the negotiations before an agreement can be finalised.

Clete Willems, the deputy director of Mr Trump’s National Economic Council, said at a conference at Georgetown Law School on Friday that the US administration was “cautiously trying to remain optimistic” about the prospects for a deal, and negotiations were continuing in “good faith”. But Mr Willems said there were still issues of “substance” that needed to be thrashed out and said it would be inaccurate to presume that Mr Trump would settle for a weak agreement. “We aren’t exactly where we need to be,” he said.