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Nov. 26, 2019, 3:01 p.m. EST

Trump says China trade deal near as he offers support for Hong Kong

U.S. stocks rise Tuesday on fresh trade optimism

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By Robert Schroeder, MarketWatch


Getty Images
President Donald Trump pardons the National Thanksgiving Turkey, Butter, in the Rose Garden of the White House on Tuesday.

President Donald Trump on Tuesday said the U.S. and China were nearing a trade deal, while at the same time offering support for Hong Kong after pro-democracy parties scored victories.

CHINA TALKS

After top U.S. and Chinese officials agreed on talks toward a preliminary “phase one” agreement, Trump told reporters at the White House, “we’re in the final throes of a very important deal, I guess you could say one of the most important deals in trade ever.”

The president continued, according to Reuters: “It’s going very well but at the same time we want to see it go well in Hong Kong.” His comments came at a signing ceremony for an executive order addressing violence against Native American women.

Trump, meanwhile, hasn’t said if he’ll sign a bill in support of Hong Kong protesters that was passed by both chambers of Congress last week.

U.S. stocks /zigman2/quotes/210599714/realtime SPX -1.18%   rose Tuesday on fresh trade optimism.

Read: Stocks edge higher, S&P 500, Nasdaq look to set 10th record close of November.

IMPEACHMENT TESTIMONIES

On Twitter, Trump said he’d “love” for senior administration officials to testify in the impeachment inquiry, but claimed they are being prevented from doing so in order to protect the presidency.

The president’s tweets came a day after a judge ruled that former White House counsel Don McGahn must testify before Congress. McGahn appealed on Tuesday .

“The D.C. Wolves and Fake News Media are reading far too much into people being forced by Courts to testify before Congress,” Trump tweeted. “I am fighting for future Presidents and the Office of the President. Other than that, I would actually like people to testify.”

The White House has argued that McGahn and other witnesses have “absolute immunity” from testifying.

Trump also joked at the annual pre-Thanksgiving turkey-pardoning ceremony that the two birds in attendance had been subpoenaed to appear in House Intelligence Committee Chairman Adam Schiff’s basement.

See: McGahn must comply with House subpoena, judge rules.

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Robert Schroeder is the White House reporter for MarketWatch. Follow him on Twitter @mktwrobs.

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