Optimism was rampant about high-level trade talks with Chinese officials, but US President Donald Trump was quick to squash any ideas of a final deal until his meeting with Chinese President Xi Jinping.
On Wednesday, the US and China opened a pivotal round of talks pointed at bridging major differences across China’s intellectual property and technology transfer practices, as well as taking heat off the months-long trade war, as reported by RAW.
US-China talks kick off to go start
With only a month left to reach a deal Cabinet-level officials, led by Liu, Xi’s top economic adviser, and US Trade Representative Robert Lighthizer, met in the Eisenhower Executive Office Building.
Alongside talks finishing on Thursday, Trump also has plans to meet with Chinese Vice Premier Liu He at the White House.
‘China’s top trade negotiators are in the US meeting with our representatives, Trump said on Twitter on Thursday.
‘Meetings are going well with good intent and spirit on both sides.
‘No final deal will be made until my friend President Xi, and I, meet in the near future to discuss and agree on some of the long standing and more difficult points.’
A meeting with Trump and Xi proposed by Chinese trade negotiators is scheduled next month in China.
Yet this wasn’t confirmed by the White House, who didn’t comment on the report or when this meeting would take place.
US–China Talks all or NOTHING deal
Negotiators are working hard to complete a deal before the 1 March deadline, with Trump saying they’ll be leaving ‘NOTHING unresolved on the table’ to increase tariffs on Chinese goods.
Little is known of the deals taking place behind closed-door talks, which means any official statements before these talks finish up on Thursday are unlikely.
The next few weeks will be a critical time for US–China trade talks, and that is even extended to us here in Australia. So stay up to date here as it all unfolds.
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