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The head of the White house Donald trump said that he expects to conclude trade deals between the USA and China.

Before leaving the White House for a campaign event, US President added: "I think we'll make a deal with China, and I think it will be a very fair deal for everybody, but it will be a good deal for the United States".

Bloomberg reported on Monday that the Trump administration was preparing to announce tariffs on the remaining Chinese imports, about $257 billion worth, if the meeting fails to ease the U.S.

Trump had a "long and very good" telephone conversation with his Chinese counterpart on Thursday.

"We're doing a normal, routine run-through of things that we've already put together and normal preparation", he said. "They very much want to make a deal", President Trump said.

President Trump said he will discuss trade with President Xi when the 2 meet for dinner on the sidelines of the G-20 leaders' Summit at the end of November in Buenos Aires, Argentina. For example, it's unknown whether he is considering relenting on his administration's hard line against China's theft of United States intellectual property, which one of the people said remains a key sticking point in any potential deal.

"There was the belief overnight that we were close to a trade deal with China and now it looks like that is not the case".

White House economic adviser Larry Kudlow downplayed the potential for a quick deal.

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"He wants to do it", Trump said of Xi.

Xi told Chinese state media on Thursday that he was willing to meet Trump at the summit and hoped to promote a steady relationship.

The meal would give the two leaders more time to talk and create an atmosphere more conducive to negotiations, the sources said.

Despite the promise offered by the Trump-Xi telephone call, the level of tension between the two nations was demonstrated just hours after it ended when the USA filed charges against Chinese technology firm Fujian Jinhua Integrated Circuit Co and its Taiwanese partner.

"We are not on the cusp of a deal", Kudlow said.

"There is a long way to go" on negotiations, the United States official said, according to the tweet.

The United States has already imposed tariffs on $250 billion worth of Chinese goods, and China has responded with retaliatory duties on $110 billion worth of USA goods.

The Trump administration also has taken action to hit the Chinese semiconductor industry, indicting two companies accused of stealing trade secrets and banning US software and equipment exports to one of them.