US, China resume trade talks with a chill in the air

US, China resume trade talks with a chill in the air

Asked if he would postpone the US -set deadline, Trump said: "I don't know".

In an interview with the Daily Caller published Thursday, the president again pointed to the 25 percent tariff the USA has placed on $50 billion in Chinese goods, a lot of them in high technology, and an additional ten percent in tariffs on $200 billion in Chinese goods.

Trump, speaking at the White House on Thursday during a meeting with Chinese vice premier Liu He, said he was optimistic the world's two largest economies could reach "the biggest deal ever made". Trump has threatened to raise tariffs on $200 billion of Chinese goods to 25 percent from 10 percent on March 2 if an agreement is not reached and impose new tariffs on the rest of Chinese goods shipped to the United States. "It was a surprise announcement in the sense I didn't know about it until a very short time before", U.S. Trade Representative Robert Lighthizer told Roll Call during a briefing with a group of reporters following several of days of talks with Chinese officials. Should the talks fail, United States import duties on $200 billion in Chinese imports are due to more than double on March 2 - something economists say could help knock the wind out of the global economy's sails. China has called U.S. measures protectionist.

Chinese officials deny that their policies coerce technology transfers.

USA officials are attacking Chinese trade practices they say are unfair, spotlighting the forced transfer of American technology through requirements that foreign companies form joint ventures with local firms, as well as other methods of allegedly stealing American intellectual property.

The slow pace of talks and mountain of issues remaining to be agreed sets up what could be a tense countdown to the March 1 deadline, with a personal meeting between Trump and Xi looming as perhaps the only way to bridge some gaps.

"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".

Emiliano Sala: British investigators make fresh discovery on missing Premier League star
Following this, the Air Accidents Investigation Branch (AAIB) has identified an area of four square nautical miles for a search. They were discovered on a beach in north-eastern France , around 40 miles from where the aircraft vanished above Guernsey.

The confusion was clarified a couple hours after the Oval Office scene, with a White House official saying the "Chinese will purchase 5 million MT of soybeans", using shorthand for metric tons.

But the summit will raise the stakes, put pressure on Trump not to walk away empty-handed and make it more likely the US will agree to less than it originally hoped to get from the Chinese, setting the stage for continued conflict over trade.

China is working towards a green, inclusive and open 2022 Winter Olympics, said Chinese President Xi Jinping while meeting with International Olympic Committee (IOC) President Thomas Bach at the Great Hall of the People in Beijing on Thursday.

A Chinese delegation is in Washington this week to discuss the broad strokes of an agreement to end the trade war the two countries have fighting for almost a year.

He said Tuesday he expected "significant progress" at this week's talks.

The US tariffs on Chinese goods are just one front in Trump's efforts to upend the global trading order with his "America First" strategy.

The US imposed tariffs on $250bn worth of Chinese goods past year. Those protections are an element of trade negotiations President Trump has been long adamant must be resolved to solidify a trade deal.

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