"It will always be the best way to max out our economic power", he said.
In a subsequent tweet, Trump said he would "happily sign" a "fair deal" that addresses USA concerns, should one be reached with Beijing. "It goes down, certainly, if it happens, it goes down as one of the largest deals ever made".
One Chinese official told Reuters officials were "waiting for the leaders to return" before publicizing details.
At his political rallies and news conferences, Trump often praises the increase in USA military spending during his almost two years in the White House. Trump also repeated the threat of imposing more tariffs on China after the 90-day deadline expires.
Despite the president's detailed claim, the president's top economic adviser, Larry Kudlow, said Monday that there is no "specific" agreement on what level Chinese auto tariffs will drop to, while Mnuchin said the two leaders had "specific discussions on where auto tariffs will come down to" but said he wasn't in a position to publicly reveal what the numbers in the tentative agreement are, nor did he clarify whether tariffs will be completely removed or reduced. -China trade war "ceasefire" this weekend was a very good sign for the near-term future at least, and the markets are responding accordingly. But Kudlow acknowledged on Tuesday that so far they haven't seen any evidence of concrete steps being taken. "I wouldn't read a lot into that myself", said Kudlow, speaking at the Wall Street Journal's CEO Council's annual conference in Washington.
Both sides will immediately hold talks on structural changes concerning forced technology transfers made by Chinese firms on USA companies, intellectual property rights protection, non-tariff trade barriers, cyber intrusion concerns, cyber theft and agricultural, the White House added.
While the two sides left talks in Buenos Aires, with an upbeat attitude, confusion and a lack of clarity around what exactly Trump and Xi agreed to has left many experts skeptical that a concrete deal can be reached in such a short window.
While Washington touted the immediate increase in Chinese purchases of USA agricultural products, Beijing's statement was much more open, with no reference to immediate or agricultural products.
Chinese officials are puzzled and irritated by the administration's shaky handling of the meeting's aftermath, according to a former U.S. government official who has been in contact with them. "We haven't made any move yet", said a trader with a major Chinese trading house.
That means the death penalty, by the way, but anyhow, here's what China's Foreign Ministry said, again more vaguely: "China has chose to list all the fentanyl-like substances as controlled substances and start working to adjust related regulations". You don't triumphantly proclaim all their concessions in public.
"They don't want to look like they've gone across the Pacific offering concessions to placate Trump, and then a few weeks later escalation resumes", he said. "Nobody is under any illusions".
The White House said Trump and Xi agreed to immediately begin negotiations on structural changes with respect to forced technology transfer, intellectual property protection, non-tariff barriers, cyber intrusions and cyber theft, services and agriculture.