Trump says no immediate plan to meet Chinese leader on trade

Trade Deadline Will Come and Go: Trump Highly Unlikely to Meet Xi Before Mar 1 - Mish Talk

Trump has threatened to raise tariffs from their current 10 percent level to 25 percent at the deadline. Another round of talks is scheduled for next week in Beijing. Mr. Trump recently said he would meet with his counterpart, but the White House backed off that earlier this week and on Thursday firmly said it wouldn't happen.

U.S. President Donald Trump listens to remarks by guests before signing a National Security Presidential Memorandum at the White House on February 7, 2019.

Trump said last week he would meet Xi again to finalise the final deal.

"There was concern about the downside for markets in particular if they don't reach a deal", the source said. Trump had indicated that was one option, or Xi could come to the United States.

One of President Donald Trump's most persistent economic promises has been to rewrite the US relationship with China.

On Thursday, while acknowledging that Trump was still optimistic about a deal, Kudlow said, "We've got a pretty sizable distance to go here".

The U.S. has already imposed levies on $250 billion in Chinese goods, with China also slapping duties on $110 billion in U.S. products.

The S&P 500 Index market worth dropped by 0.93 percent, the biggest drop in 2 weeks. Treasury bond yields dropped as investors sought safety in sovereign United States debt. The benchmark 10-year yield slid 4 basis points to 2.66 percent, the lowest in almost a week.

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.

Lighthizer and Steven Mnuchin, the Treasury secretary, will lead an American delegation to Beijing next week for more trade talks.

Trump claims that he is in a warm relationship with the Chinese president. "They're making a mistake because they need to be prepared", he said. Washington accuses China of stealing USA intellectual property and forcing American companies to share their technology. China denies the accusations.

Both Trump and his top trade negotiator, Robert Lighthizer, have confirmed March 2 as the deadline and clearly stated that there would be no extension of the timeline.

Such reforms have been a sticking point in talks so far.

A meeting between the two leaders, which was announced last week after two days of trade talks in Washington, was originally expected to take place at the end of this month, close to Trump's second summit meeting with North Korean leader Kim Jong-un in Vietnam. "China's representatives and I are trying to do a complete deal, leaving NOTHING unresolved on the table".

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