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

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

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

A Chinese delegation led by Vice Premier Liu He is in Washington this week for two days of talks, following on from the previous round of negotiations earlier this month.

Top trade officials from the United States and China are meeting in Washington as a deadline to strike a deal approaches.

If the two sides can not reach an agreement by 1 March, the United States has said it will increase the tariff rate from 10% to 25% on Chinese goods worth an estimated $200bn.

The talks come two-thirds of the way into a 90-day truce agreed upon by the countries' presidents on December 1 on the sideline of the G20 summit in Argentina.

Trump has set a March deadline for increasing tariffs on $200 billion worth of Chinese imports from 10 percent to 25 percent. "They are correct", Trump said.

"China's representatives and I are trying to do a complete deal, leaving nothing unresolved on the table", he wrote.

While saying that Wednesday's first meetings between American and Chinese negotiators had gone well, Trump added in a morning tweet that "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, meanwhile, has seen his public approval ratings battered by the partial government shutdown and is said to worry about the tariff war's impact upon US financial markets.

He is expected to meet with the Chinese delegation later Thursday.

U.S. President Donald Trump arrives to deliver remarks on border security and the partial shutdown of the U.S. government in the Diplomatic Room at the White House in Washington, U.S., January 19, 2019.

Trump heralded his steel tariffs on Monday as a'big win' for the United States as his trade war with China came under official review by governing organization for global trade.

Washington also doesn't like that Beijing subsidizes its tech industry as part of its "Belt and Road" initiative to become the world's leader in critical sectors, such as artificial intelligence and robotics.

The administration has already imposed tariffs on some $250 billion in Chinese imports.

A breakthrough deal is seen as unlikely from this round of negotiations, and the White House has said a concluding statement will be released outlining progress made on core issues such as Chinese technology transfers and intellectual property practices, market access, and Beijing's pledge to buy more American goods.

His goal in the talks is to force the Asian giant to put an end to trade policies the U.S. deems "unfair", especially the theft or forced transfer of American technology, obliging USA firms to form joint ventures with local partners, and state subsidies for industry.

US officials insist that the Huawei case is entirely separate from the trade negotiations.

This could maintain the threat of USA tariffs on Chinese goods for the long term.

Topics covered by the US questions include subsidies for China's fishing industry and the activity of so-called government guidance funds, which seek to foster domestic innovation in different industries from advanced engineering and robotics to biotechnology and clean energy.

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