Shares soar as Trump hints at possible US-China trade deal

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President’s positive remarks about a call with Xi Jinping, and a report that he has asked officials to draw up terms, lift markets

Asian shares have surged on reports that Donald Trump wants to reach an agreement with Chinese president Xi Jinping about the trade dispute that has dogged markets for months.

Related: Who deserves the credit for strong US economy? | Michael Boskin

Just had a long and very good conversation with President Xi Jinping of China. We talked about many subjects, with a heavy emphasis on Trade. Those discussions are moving along nicely with meetings being scheduled at the G-20 in Argentina. Also had good discussion on North Korea!

Related: China hits back at US with $60bn of new tariffs

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