Trump meets with Chinese vice premier on trade

Donald Trump and Chinese President Xi Jinping

The sides planned to engage in 90 days of negotiations with a view to achieving needed structural changes in China that affect trade between the two countries.

The meetings are "going well", Trump said on Twitter.

China's economy was slowing even before the US tariffs began depressing demand for its exports, so the trade war is making a hard situation worse for Xi.

However, his outspoken comments in previous meetings and reports that he sparred with other USA officials, caused him to be left on the sidelines of some talks.

He says: "All of the many problems are being discussed and will be hopefully resolved".

"It will get worse for both United States and Chinese firms and financial markets if Washington and Beijing can not show enough progress to at least delay the March 2 tariff deadline, said Nicholas Lardy, a senior fellow and China trade expert at the Peterson Institute for International Economics in Washington".

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.

Details of the closed-door talks were scant with official statements seen as unlikely before they conclude on Thursday.

US Trade Representative Robert Lighthizer, 71, is leading the American negotiating team, taking over from Commerce Secretary Wilbur Ross and Treasury Secretary Steven Mnuchin, who did not deliver on a breakthrough. Trump was meeting on Thursday afternoon with the Chinese negotiators. The S&P 500 reached the highest since Dec 6, after the Federal Reserve said it will be "patient" on any future interest-rate moves. "Uncertainty is not the friend of business", Powell said in response to a question during a press conference.

Bradley Cooper makes a surprise appearance at Lady Gaga's show
He then shared another video from the night, which had fans screaming as Gaga knelt beside Cooper during his part of the song. After Gaga sang her verse, the stars joined each other for a powerful chorus, likely not leaving a dry tear in the room.

"No deal that doesn't have trust and verification components is going to be a good deal that will get the blessing of the president of the United States or the business community", he said.

If a deal is not reached by March 2, US tariffs will rise from 10 percent to 25 percent.

Officials for both sides are now meeting in Washington in an effort to strike a deal.

The US's unveiling this week of criminal charges against Chinese corporate giant Huawei Technologies Co. isn't helping the mood. Since then, the two countries have exchanged several rounds of trade tariffs, levying duties on hundreds of billions of dollars of goods. Asked how the talks were going, Yi flashed a thumbs-up sign.

"I think that probably the final deal will be made, if it's made... between myself and President Xi", he said at a White House event to promote American manufacturing.

But US officials don't believe that this will hinder the trade negotiations.

Commerce Secretary Wilbur Ross said last week that the USA and China are "miles and miles" away from a deal as he noted in a CNBC interview that the nations have "lots and lots of issues" to discuss. "Makes so much sense for China to finally do a Real Deal, and stop playing around!"

Mr Trump has also threatened tariffs on an additional $267bn worth of products.

Related news:

Hot News

isis-killer-beheading-video-story-top Fantasy Cricket tips for Windies v England --2nd Test — TFG Fantasy Sports
Feb 01, 2019 - 00:33
While the first semi-final will be held on the Sydney Cricket Ground, the second semi-final will be hosted by the Adelaide Oval. A total of four teams from the First Round, two from each of Group A and Group B, will progress to the Super 12 stage.

isis-killer-beheading-video-story-top West Ham should forget Drinkwater and target Chelsea team-mate Loftus-Cheek
Feb 01, 2019 - 00:31
A permanent move away would make sense for the Belgian, however, we have failed with some transfers going on to become big names. However, he claims Tottenham have also expressed an interest in the 25-year-old.

isis-killer-beheading-video-story-top US, Taliban move closer to deal on American troop withdrawal from Afghanistan
Jan 30, 2019 - 04:28
The president added that any peace agreement should respect the government's "national unity and national sovereignty ". He told citizens their rights would not be compromised in the name of peace with the Taliban.

isis-killer-beheading-video-story-top Pep Guardiola delights in 'professional' Manchester City after Burnley demolition
Jan 30, 2019 - 04:19
As a result they now trail league leaders Liverpool by four points with 15 games left to play. We have a lot of games, so no way. 'Next one, win again.

isis-killer-beheading-video-story-top Nia Jax on What Charlotte Flair Told Her After Injuring Becky Lynch
Jan 30, 2019 - 03:43
The 33-year-old star informed management, including Vince McMahon, of his decision to leave this weekend at the Royal Rumble . Rousey said that while Lynch was on the pre-show at WrestleMania a year ago , she stole the show in her debut.

isis-killer-beheading-video-story-top Venezuela Oil Sanctions Pose a Challenge for Chevron and Valero, Analysts Say
Jan 30, 2019 - 02:55
Guaidó, leader of the opposition and head of the National Assembly, quickly energized the movement against Maduro. He said one member of the Bolivarian Guard was reportedly killed in the state of Monagas.

isis-killer-beheading-video-story-top Pucks in Deep: Hockey is giving women the cold shoulder
Jan 30, 2019 - 02:26
With a time of 1:09.088, the National Hockey League officially recognized Edmonton's Leon Draisaitl as the victor of the event. Draisaitl received a nice $25,000 check as the " winner " bringing new new meaning to the phrase "may the best man win".

isis-killer-beheading-video-story-top Trump Lawyer Probe 'Close To Being Completed': Acting US Attorney General
Jan 29, 2019 - 06:42
The report would explain any prosecution of declination decisions reached by the special counsel. Bush's administration, appeared headed for confirmation in the Republican-controlled Senate.

isis-killer-beheading-video-story-top Tiger Woods couldn't buy a putt - again
Jan 29, 2019 - 05:57
He could have shot a 67 or 68 on Thursday, but in order to get in the mix to win on the weekend he might have to fire a 65 or 66. And then Scott closed the gap to two shots with an approach inside a foot on the 17th, giving him a chance on the 18th.

isis-killer-beheading-video-story-top Anthony Davis Won't Sign Extension With Pelicans, Requests Trade
Jan 29, 2019 - 05:57
Davis and Irving each signed this kind of extension, and since the Celtics traded for Irving, that pushes Davis off the table. If a team like the Lakers wants to ensure Davis doesn't end up in green and white, the time for action is now .

isis-killer-beheading-video-story-top Arsenal could recruit up to two players before transfer deadline - Unai Emery
Jan 29, 2019 - 05:14
We have enough players. " Perisic has asked to leave but there is no offer for him", said Marotta. I think they're going to play with a big motivation, also and finding a lot of duels against us.

isis-killer-beheading-video-story-top Met Office warns of strong winds for the North East
Jan 28, 2019 - 09:57
However, cloud will increase from the southwest with a spell of persistent rain affecting the west and southwest by dawn . Monday night will be "very cold and wintry, with occasional hail, sleet and snow showers", according to Met Éireann.

isis-killer-beheading-video-story-top Manikarnika 2nd (Second) Day Box Office Collection: Kangana Movie Gets Impressive Opening
Jan 28, 2019 - 09:47
It also said that the collections were pretty tiresome outside Mumbai circuit with collections getting worse further North. It turns out that Manikarnika: The Queen of Jhansi has been leaked online by the infamous piracy site Tamilrockers.

isis-killer-beheading-video-story-top Brock Lesnar Post-WM34 Altercation with Vince McMahon Shown on WWE 24
Jan 28, 2019 - 09:29
Download the WWE Network on iOS and Android devices to watch it online and on-the-go. Let us know what you think how the show will go down in the comments section below.

isis-killer-beheading-video-story-top New Zealand v India 3rd ODI
Jan 28, 2019 - 08:58
Shami removed Colin Munro for seven, while Bhuvneshwar claimed the scalp of Martin Guptill for 13 runs. In reply, the New Zealand innings never really got going as they lost wickets at regular intervals.