Mnuchin, in China, looks forward to trade talks

Dovish Central Bank Outlooks Make U.S. Dollar More Desirable Asset

A round of talks at the end of January ended with some progress reported - but no deal and US declarations that much more work was needed.

White House economic adviser Kevin Hassett said the Trump administration was pleased that the talks were moving forward but cautioned that March 1 is a "real deadline" for reaching a deal.

The Trump administration said the US president still wants to meet China's Xi Jinping in an effort to end the trade war, a sign of optimism as negotiators from the world's two biggest economies start their latest round of talks this week.

White House senior counselor Kellyanne Conway said a meeting was still possible soon, telling Fox News Channel that Trump wants a deal with China, but it must be "fair to Americans, and American workers and American interests".

After that date, USA tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25 percent from 10 percent.

The fact that a presidential-level meeting is still in the cards - and that both sides are now reportedly angling for it to happen in mid-to-late March - means that the 90 days of trade talks are likely to be extended past the March 2 deadline.

Maryland Weather: Winter Mix, Snow Arriving Late Sunday Night
In Tacoma, hundreds of people turned out for a snowball fight in a park after someone who lives nearby suggested it on Facebook. Meanwhile, forecasters are closely monitoring a potent storm system that's predicted to come out of the Rockies on Monday .

The latest round of talks in Beijing kicked off on Monday with discussions among deputy-level officials to try to work out technical details, including a mechanism for enforcing any trade agreement.

The last round of talks in Washington late last month resulted in China importing American soybeans as it implemented promises to buy more USA goods.

Both the Chinese government and Huawei have dismissed these concerns.

The US negotiators had been preparing for pressing China next week to reform its intellectual property transfer right rules in order to seal a decipherable deal, which could prevail further losses resulted in the tariff war, the amount of which could breach trillions.

"The key is whether the US and China can find common ground", said He Weiwen, a former commerce ministry official and now a senior fellow at the Center for China and Globalization, an independent research group.

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