Trump welcomes 'tremendous' progress in US-China trade talks
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President Donald Trump on Thursday hailed "tremendous progress" after two days in US-China trade talks, welcoming a "beautiful" letter from his Chinese counterpart Xi Jinping, who said he hoped for further cooperation.The White House emphasized, however, that the two sides still faced the "hard deadline" of March 1 to avoid another sharp escalation in their trade war. Economists say that prospect -- which would mean more than doubling US tariffs on $200 billion in Chinese goods -- would be a body blow to the global economy. Trump said relations between the two countries are "very, very good."