‘Very good chance’ of US-China trade deal

Feb 25, 2019, 01:15
‘Very good chance’ of US-China trade deal

"I don't like MOUs because they don't mean anything", Trump said during the televised Oval Office meeting with Lighthizer and Chinese Vice Premier Liu He on Friday. An extension of the deadline would put Trump's threatened tariff on $200 billion worth of Chinese goods on hold for now and would prevent a further aggravation of the trade war that had already evaporated commerce on goods worth of trillions of dollars.

"I'm not reversing course", Trump said of his decision to keep about 200 US troops inside Syria after recently saying he would remove all American troopers.

"We expect to have a meeting sometime in a not too distant future", he said. "Perhaps and perhaps not".

Trump said he expected to meet with Xi to work out the finer points of the deal.

Some analysts said the currency deal represents no real concession. Washington and Beijing are looking at a 10-item list for that, including additional Chinese purchases of agricultural produce, energy and goods such as semiconductors.

Liu has been granted authority to negotiate directly with the U.S.by Chinese President Xi Jinping.

Those tactics, the Trump administration argues, include cyber-theft, unfair subsidies for state-owned Chinese companies, the use of regulations to hobble China's foreign competitors and pressure on American companies to hand over technology in exchange for access to the Chinese market.

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The two sides chose to extend the talks by two days till Sunday.

Lighthizer calmly corrected the president, and turned to explain to reporters in the room: "An MOU is a contract".

Brilliant said the two countries have yet to bridge their differences over nettlesome issues such as the forced technology transfer.

For his part, Trump said he appreciates Xi's message, and asked Liu to convey his warmest regards to Xi and his wife Peng Liyuan, as well as to the Chinese people.

The Chamber, the largest US business lobbying group, has been urging the administration to pursue a "comprehensive, systematic, sustaining and ensuring deal" that addresses core USA intellectual property and market access complaints, rather than one based on more Chinese short-term purchases of goods.

"But I want to have competition with China, fair competition", Trump said.

China may have to remove its tariffs in order to increase purchases of United States exports while Trump may feel no pressing obligation to lower the tariffs he imposed on Chinese imports a year ago, he said. The Dow is up almost 6 percent over the past month, a period that coincides with the president's increasingly positive statements about the likelihood of a deal.

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Another user demanded changes in the 1996 Telecom Act and said that a better nationwide fibre network deployment and backhaul infrastructure changes were the need of the hour.

Negotiators have struggled this week to agree on specific language within those memorandums to address tough U.S. demands, according to sources familiar with the talks. According to a December 1 ceasefire between Mr Trump and Mr Xi, if no deal is reached by March 1, the tariff will jump to 25 per cent.

Chinese Vice Premier Liu He, who leads Beijing's team, met this week with Lighthizer and his 11-man USA delegation in two days of talks at the Eisenhower Executive Office Building.

Trump said there was "a very good chance" that the United States would strike a deal with China to end their trade war and that he was inclined to extend his tariff deadline on Friday and meet Chinese President Xi Jinping (習近平) soon.

Earlier in the day, Trump took to Twitter to announce that China has committed to buy an additional 10 million metric tonnes of U.S. soybeans. The United States is seeking her extradition. Reports towards the end of 2018 even suggest that the White House is considering an executive order to ban Huawei and ZTE from launching 5G technology in the US.

Trump told reporters that the video he's talking about is a video made by his daughter Ivanka and son-in-law Jared Kushner, and their children speak fluent Chinese, even though they're very young. Trump said that they have made considerable progress.

Officials from Beijing also expressed optimism about a positive outcome.

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He also defended the principles America was founded on. "Together, we represent the most extraordinary nation in all of history". The president stressed that many women attempting to cross into the USA illegally get sexually assaulted during the journey.

The current round of U.S.