Trump hopes trade deal with China is ‘close’ and hints at summit with Xi
Speaking at a meeting with Liu in Washington, DC on Thursday, Trump said the sticking points between Washington and Beijing included tariffs and intellectual property theft, but sounded optimistic a deal could be reached within a month.
Many of the most difficult issues have been resolved, but there were still “some ways to go,” Trump said, adding that if a deal is reached he would invite Xi to Washington for a summit.Also on rt.com Trump’s trade war cut $7.8bn from US economy in 2018, study says
While Liu said the negotiations have made “great progress,” US Trade Representative Robert Lighthizer noted there were “some major issues” still left to resolve.
As part of his strategy to renegotiate trade with China, Trump has imposed tariffs on over $250 billion in Chinese imports. Beijing has retaliated with levies on $110 billion in US goods. The latest round of US tariffs on $267 billion-worth of goods from China, scheduled for March 1, was postponed to allow for the talks, however.Also on rt.com Pompeo urges France not to tax American tech firms as competition with China heats up
Washington has repeatedly accused Beijing of stealing US trade secrets, forcing foreign companies to hand over technology as the price of access to the Chinese market, and subsidizing its own tech companies at US expense. China has denied all the accusations, calling US tariffs protectionist.Also on rt.com Trump’s trade wars will not reduce the US trade deficit – IMF
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