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I spoke to president xi recently. i really believe they want to make a deal. the tariffs have absolutely hurt china very badly. but our country is taking in a lot of money through tariffs. a lot of money. a lot of tariffs. steel dumping tariffs and others. but i think china wants to get it resolved. their economy's not doing well. >> now, a lot of experts would say that the united states is not taking in a lot of money from tariffs at the moment. but that point aside, the president is correct when he says that china's economy is slowing down and that he thinks the united states has more levera...

On the chinese side. >> and you combine it that there is already a major impact on the china economy and the economy was slowing down before the trade war. so there is a lot of incentive on china's part to get a deal done and you could also argue there is incentive on the united states part as well. but let's listen to what president trump said over the weekend, the leverage that he is counting on when it comes to getting a deal done with china. >> the china talks are going very well. i spoke to president trump xi recently. i really believe that they want to make a deal. the tariffs have absol...

That could come later this month or even next month before more senior level negotiatonegotiato. but this is kind of the groundwork before those talks again. so really it is about can something get done before march 1, and if you listen to president trump, it is all about china's slowing economy. let's hear what he had to say over the weekend. >> the china talks are going very well. i spoke to president trump xi recently. i really believe that they want to make a deal, the tariffs have hurt china terribly, but there are steel dumping tariffs and others, but i think china wants to get it resolv...

Very well. i spoke to president xi recently. i really believe that they want to make a deal. the tariffs have absolutely hurt china very badly. but our country has taken in a lot of money through tariffs, a lot of money. a lot of tariffs. steel dumping tariffs and others. but i think china wants to get it resolved. their economy is not doing well. >> reporter: on the u.s. side, there has been a lot of pessimism in the economy recently. you have stock are markets showing a lot of volatility. so maybe the u.s. wants a deal as well. but even if both sides have that incentive, they are a long way ...

Interest in all fairness like you're supposed to be doing. reporter: mr. president, the china talks on trade this week in beijing. president trump: the china talks are going very well. i spoke to president xi recently i really believe they want to make a deal, the tariffs have absolutely hurt china very badly but our country is taking in a lot of money through tariffs a lot of money. steel dumping tariffs and others i think china wants to get it resolved. their economy is not doing well they're down close to 38% that's a lot and i think that gives them a great incentive to negotiate but we're ...