Суббота, 20 Апреля, 2019

Not Meeting Xi Jingping Before Trade Talks Deadline: Donald Trump

US President Donald Trump Refuses to Meet Chinese Counterpart Xi Jinping Before Trade Deal Deadline US President Trump refused to meet Xi before March 2
Patty Aguilar | 10 Февраля, 2019, 15:02

US President Donald Trump said that he won't meet his Chinese counterpart Xi Jinping ahead of a trade deal deadline on March 2 when American tariffs on Chinese products are slated to increase.

White House Trade Adviser Larry Kudlow tells Fox Business that Trump does expect to meet with Xi at some point in the future, but right now, it's up in the air. While being asked whether there would be a meeting in a near-term outlook (in the next month or so), Trump appeared to be baffling when responding, "Not yet". The remarks of the president confirmed that there will be no meeting between the two leaders before the deadline and it also implies that the hope of a quick trade pact between them is in peril.

CNBC first reported Thursday that Trump may not meet with Xi before March 1, citing a senior administration official. Several rounds have taken place since Trump and Xi agreed to a 90-day halt on tariff increases past year at the G-20 summit, and additional discussions are scheduled for next week.

His position, together with a threat to raise tariffs on more Chinese imports on March 2, may be a USA tactic to extract concessions from China, especially in structural areas such as alleged intellectual property theft and forced technology transfer.

"At some point the two presidents will meet, that is what Mr. Trump has been saying".

The S&P 500 Index tumbled to its low of the day, down 1.6 percent in its biggest drop in more than a month.

Читайте также: Trump says summit with Kim to take place in Hanoi

According to Peter Jankovskis, co-chief investment officer at Oak Brook Investments LLC in Lisle, Illinois, said believes said that the market was affected because the market was lifted in the month of January because of the optimism that surrounds the trade talks.

U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin are leaving Monday for the next round of talks in China, one administration official said.

The US President Donald Trump has increasingly put more pressure on the negotiators to ensure they arrive at a deal soon enough. The latest news about the trade friction caused a sharp selloff in USA stocks.

President Trump had set a deadline of March 2nd to reach an agreement on trade. Washington accuses China of stealing USA intellectual property and forcing American businesses to share their technology with Chinese companies.

A study released Wednesday by Tariffs Hurt the Heartland, a campaign opposed to tariffs, said an increase to 25% would reduce employment by 934,000 jobs and GDP by 0.37%.

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