WHITE HOUSE:
– WE HAVE 18 PROPOSALS FOR TRADE DEALS ON THE TABLE
– WE BELIEVE THE PROPOSALS ARE SETTING UP THE FOUNDATION FOR A TRADE DEAL WITH CHINA
– TRUMP WANTS THE DOLLAR TO REMAIN THE WORLD'S RESERVE CURRENCY
– THE TRADE TEAM IS MEETING WITH 34 COUNTRIES THIS WEEK
— amit (@amitisinvesting) April 22, 2025
The White House said Tuesday that it was “setting the stage for a deal with China” on trade as administration officials seek to reassure nervous financial markets and investors that progress with Beijing could be imminent.
White House press secretary Karoline Leavitt told reporters that she spoke with President Trump about conversations with China on trade, relaying that the administration is “doing very well in respect to a potential trade deal with China.”
“The president and the administration are setting the stage for a deal with China,” Leavitt said at the press briefing. “So, we feel everyone involved wants to see a trade deal happen, and the ball is moving in the right direction.”
Leavitt added that she did not have anything to report on whether Trump has spoken directly with Chinese President Xi Jinping. She also would not elaborate on comments from Treasury Secretary Scott Bessent, who told a private meeting of investors in Washington on Tuesday that he expects a “de-escalation” in the trade war between the U.S. and China.
“No one thinks the current status quo is sustainable,” Bessent said at the event hosted by JPMorgan Chase, according to multiple reports.
White House: 18 Trade Proposals Under Review