This archive report was first published on 1 July 2019.
On June 29, 2019, President Trump and Chinese President Xi Jinping agreed to resume trade talks, but a day later, Trump's top advisers said no timeline existed for reaching a deal.
The administration continued to ease restrictions on China, removing eight companies from the Commerce Department's blacklist and taking steps to allow Huawei to purchase American technology.
However, lawmakers expressed concerns that Trump was giving away too much in return for vague promises from Xi Jinping to buy more American goods.
Trump said, 'We're moving along toward a reciprocal but a good trade deal, a fair trade deal,' during remarks in Seoul, South Korea, on Sunday.
Over the weekend, Trump told Fox News that Xi Jinping 'wants to make a deal. I want to make a deal. Very big deal, probably, I guess you'd say the largest deal ever made of any kind, not only trade.'
The truce reached at the G20 summit in Osaka, Japan, will forestall another round of punishing tariffs Trump had threatened to impose on nearly all Chinese imports.
However, the administration's primary concerns, including its insistence that China agree to codify intellectual property protections and other changes in Chinese law, remain unresolved.
As Trump heads into a re-election campaign and Xi Jinping faces pressure to reinvigorate China's slowing economy, the ability to resolve these concerns is expected to get harder on both sides of the Pacific.
Larry Kudlow, the director of the White House National Economic Council, said that no timetable existed for completing negotiations but that the United States was hoping to capitalize on the progress made during talks that broke down in May.
Senator Marco Rubio, Republican of Florida, said that relaxing the restrictions on Huawei would 'destroy the credibility of his administration's warnings about the threat posed by the company.'
Senator Lindsey Graham, Republican of South Carolina, said that fully reopening America's doors to Huawei was a bad idea.
Stock markets around the world were expected to open higher on Monday as a result of the thawing relations.
