Trade Update: President Trump Predicts "Signing Summit" With China

Jake Parker is the Vice President of the US-China Business Council. He called the President's announcement a "positive signal" that a resolution may soon be in sight. Parker said, "State-owned enterprise reform, industrial policy changes are not items that can be resolved overnight or would be reasonable to expect to be resolved in 90 days, so by finding a way where the two sides can come to some kind of agreement, and then put these more challenging issues into a longer term negotiating framework, it should have a very positive impact on the overall relationship." Parker says the uncertainty over trade tensions has meant many business operations of US companies in China have "ground to a halt," and an agreement would help their situation.