ha ha ha, XI knee down and surrender to Trump.
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Trump to Meet China's Liu in a Sign Trade Talks Are Reaching Final Stages
Bloomberg News
U.S. President Donald Trump will meet Chinese Vice Premier Liu He at the White House on Thursday as speculation grows that negotiations over a trade deal between the world’s biggest economies is entering the final stages.
Talks are continuing in Washington where Liu held meetings with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Wednesday. The goal over the next few days is to strike an agreement on the core issues so Trump and Chinese leader Xi Jinping can hold a ceremony to sign a deal.
Drafts of an agreement to end a nearly year-long trade war would give Beijing until 2025 to meet commitments on commodity purchases and allow American companies to wholly own enterprises in the Asian nation, according to three people familiar with the talks.
“Both sides do want an agreement but they want to make sure it’s the right deal for their respective domestic audience,” said Tai Hui, Asia-Pacific chief market strategist at JPMorgan Asset Management in Hong Kong.
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Stocks in Asia dipped from a six-month high, as investors look for signs of progress from the talks. The offshore yuan held at 6.7169 per dollar
As the talks resumed on Wednesday morning, Trump’s top economic adviser touted progress but cautioned that a final deal to end the trade war remained elusive. Negotiators are “making good headway,” White House economic adviser Larry Kudlow told reporters at an event in Washington. “But we’re not there and we hope this week to get closer,” he said.
U.S. and Chinese officials are still discussing when the two leaders could sit down to sign off on their trade deal. A meeting date between Trump and Xi could be announced as early as Thursday, people familiar with the plans said. After Xi’s team initially floated a formal state visit to Washington as an option, China has pushed back against a meeting on U.S. soil and wants to instead meet in a neutral third country, the people briefed on the plans said.
“We have noted that President Trump has repeatedly expressed his expectation to meet again with President Xi Jinping,” Chinese Foreign Ministry spokesman Geng Shuang said at a regular briefing in Beijing Thursday. “President Xi Jinping also looks forward to maintaining communication with President Trump through various ways.”
While White House officials have expressed cautious optimism in recent days about securing a deal in the near future, a U.S. decision to tentatively
sell fighter jets to Taiwan may affect the outcome of this week’s talks as well as any Trump-Xi summit, one of the people said. Given the geopolitical sensitivities of such a sale, that
issue would likely be raised only when the two leaders meet and is unlikely to be part of the trade negotiations led by Lighthizer.