She went on to explain that because of Trump's focus on the 2020 presidential election and the US' longtime efforts curtail China's economy and associated developments, Trump is unlikely to make more progress on finalizing a trade deal.
"President Trump saying a trade deal may not happen until after the USA election next year and the passage of the second China bill in the House of Representatives will add to the extreme trade worries because the fear is - China might just walk away from any trade negotiations".
-China trade deal, and how US tariffs on China would impact a Santa Claus rally.
"I'm doing very well on a deal with China, if I want to make it", he said. "In some ways, I think it is better to wait until after the election if you want to know the truth".
The president added that Washington is in a stronger negotiating position than the Chinese regime, given China's weak economic performance.
Investors have been hoping that the United States and China can avert an escalation of their trade tensions which have slowed global economic growth.
Trump has tried to make the case that he supports both Xi and the Hong Kong protesters, expressing confidence that they could work out a deal.
U.S. Commerce Secretary Wilbur Ross told CNBC on Tuesday that staff-level trade negotiations with China are continuing but no high-level trade talks have been scheduled.
On Dec. 2, Trump reinstated tariffs on steel and aluminum from Brazil and Argentina in response to recent currency devaluation in those countries, which were negatively impacting American farmers, he said.
Former Mexican foreign Minister Luis Videgaray, with whom Kushner met frequently, said Kushner patched up https://www.reuters.com/article/us-trade-nafta-kushner-insight/how-trumps-son-in-law-helped-salvage-the-north-american-trade-zone-idUSKCN1MC04M the negotiations a few times after they fell apart.
Kushner played a pivotal role in the later stages of USA trade negotiations with Canada and Mexico in 2018 to replace the North American Free Trade Agreement, helping to resolve final differences.
"Any doubts about the vulnerability of equity markets to the mood of the U.S. President should have been dispelled, as his recent tweets and comments have almost wiped out the entirety of November's gains", said Ian Williams, economics & strategy analyst at Peel Hunt. "We've been accepting the lopsidedness of things", Ross said.
A person familiar with the Chinese government's stance on the trade negotiations told Reuters the phase one trade deal could be in jeopardy if the House bill on Uighurs becomes law. The Trump administration recently touted a "phase one" deal with China, though the signing of that deal was canceled last month, and tensions also persist between the US and China due to the civil unrest in Hong Kong.
On Monday, the Chinese regime said they would suspend U.S. Navy visits to the port of Hong Kong. He has threatened to tax them by as much as 25%.
The talks had appeared to survive Beijing's anger at USA legislation backing Hong Kong's protesters, but the latest flare-up has given markets the jitters because traders had priced in an agreement.