Trump plans to meet Chinese leader Xi Jinping to resolve trade dispute

Trump plans to meet Chinese leader Xi Jinping to resolve trade dispute

"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 hard points", Trump said in a series of lengthy Twitter posts as a Chinese delegation visits Washington for trade talks.

Chinese officials have said their policies do not coerce technology transfers.

"We hear rumblings or rumors there are some offers (by the Chinese delegation to Washington) around IP (intellectual property) enforcement, around the other sensitive issues".

"China's top trade negotiators are in the U.S. meeting with our representatives, Trump said on Twitter".

With just about one month to go before the U.S.

"Meetings are going well with good intent and spirit on both sides", he wrote on Twitter Thursday.

"I don't think there's going to be any big outcome", Ennis said of the talks scheduled for Wednesday and Thursday.

Among several other headline criticisms, the USA is pushing for structural reforms to China's trade framework and the role of the state sector, which many experts believe will be a step too far for Beijing. Barring a deal before that deadline, tariffs on $200 billion in Chinese goods are set to jump to 25 percent, from 10 percent, on March 2.

At a press conference this week, Treasury Secretary Steven Mnuchin and White House economic adviser Larry Kudlow made few promises.

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The US complaints, along with accusations of Chinese cyber theft of US trade secrets and a systematic campaign to acquire US technology firms, were used by the Trump administration to justify punitive tariffs on $250 billion worth of Chinese imports.

Prior to being named US Trade Representative in May 2017, Lighthizer was a specialist in worldwide trade law for more than 30 years and is a veteran of trade negotiations with Japan in the 1980s.

But compelling China to reform its trade policies and treatment of foreign companies will be hard. Trump has vetoed multiple proposed trade deals with China, choosing to push ahead with tariffs on Chinese goods to gain leverage. -China Business Council, were not expecting any breakthrough from this week's negotiations.

Given the complexity of the issues, a finished agreement is unlikely to emerge from the two days of talks in Washington this week.

High-ranking officials from both countries began talks on Wednesday in Washington, DC, in an effort to defuse an ongoing trade war. Treasury Secretary Steven Mnuchin declared the trade war "on hold" after China had agreed to step up its purchases of USA goods, especially in agriculture and energy, and narrow America's huge trade deficit with China.

The report also said that the law could help attract more foreign investment to China, protect foreign investors' legal rights and interests, and provide a favorable business environment.

The US's unveiling this week of criminal charges against Chinese corporate giant Huawei Technologies Co. isn't helping the mood.

Last year, the Asian country recorded its slowest growth in almost 30 years, making the USA trade war an unwelcome development. He has also threatened new tariffs on the remainder of Chinese goods shipped to the United States.

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