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Trump prefers 'whole deal' with China, does not rule out interim trade pact

U.S. President Donald Trump said he was inclined toward a whole deal covering all aspects of trade with China, but did not rule out the prospect of an interim agreement reportedly being considered by his advisers.

"I'd rather get the whole deal done," Trump told reporters Sept. 12. "There's a deal or there's not a deal. But it's something we would consider, I guess," he added, referring to a potential interim trade agreement.

Trump's comments followed reports that his top trade advisers are considering proposing a limited trade deal with Beijing that would postpone and remove some tariffs on Chinese goods. In return, China would have to make commitments on intellectual property protection and purchases of U.S. agricultural products.

The next round of face-to-face trade discussions between top-level U.S. and Chinese teams is scheduled in October.

Meanwhile, private Chinese companies purchased more than 600,000 tonnes of soybeans from the U.S., Reuters reported, citing two traders with knowledge of the deals.

The U.S. plans to ship the order between October and December, according to the report. The Asian country had discontinued the import of all farm products from the U.S. in early August after Trump announced a 10% tariff on $300 billion of Chinese imports.

The soybean purchase comes after Washington's decision to delay higher tariffs on $250 billion of Chinese goods Oct. 1-15. Earlier, China disclosed a number of U.S. products that would be exempt from additional tariffs imposed last year.