Donald Trump team and China resume uphill effort to end trade rift

President Donald Trump has ordered a crackdown on fake goods online amid trade talks with China

President Trump is meeting with Chinese Vice Premier Liu He at the White House Thursday afternoon amid signs the trade conflict between the two countries may soon be coming to a close.

Top officials are still haggling over how to enforce the deal.

Drafts of an agreement to end a almost year-long trade war would give Beijing until 2025 to meet commitments on commodity purchases and allow American companies to wholly own enterprises in the Asian nation, according to three people familiar with the talks. "The (Trump) administration has been equally clear that they want to keep some of the tariffs in place as a way to have leverage over China fulfilling its obligations under whatever final package is reached".

Liu met with the president after two days of talks between Chinese and American trade negotiators in Washington.

Negotiations between the two countries are due to kick off on Wednesday, with China's lead negotiator in Washington just days after wrapping up talks last week in Beijing.

Myron Brilliant, the Chamber's head of global affairs, told reporters that the business lobbying group did not expect a deal to be announced this week and that the two sides needed to make significant progress or a goal to reach an agreement this month would be missed.

Other non-binding promises China has offered to implement by 2029 wouldn't be tied to potential U.S. retaliation, they said, without elaborating. According to the report, China still wants the U.S.to remove existing tariffs on Chinese goods, while the US wants China to agree to a mechanism guaranteeing enforcement of any deal. Trump has said he wants a "great deal" with China and has hinted that tariffs could remain in place for some time.

"Both leaders do seem to want a deal, so it's likely they'll get there", said Timothy Keeler, a partner at Mayer Brown and a former chief of staff for the US Trade Representative in the George W. Bush administration. While some progress is being made, resolving more contentious issues such as the forced transfer of technology is taking longer. The White House referred questions to USTR, which didn't immediately reply to a request for comment.

The White House is particularly focused on purchases commitments through the second quarter of 2020, in an effort to narrow the trade balance ahead of Mr Trump's re-election bid.

She was charged with illegal entering and lying to US agents. At the heart of the dispute are the Trump administration's allegations that China steals technology and coerces USA companies to hand over trade secrets all part of Beijing's zeal to overtake US technological dominance.

The United States and China would see "sizable" losses in manufacturing as capacity moves toward Mexico, Canada, and East Asia if tariffs were hiked to 25 percent on all goods flowing between the two countries, the International Monetary Fund said in its April World Economic Outlook.

A final number for the amount of purchases has not been settled, the person said.

The deadline was reported earlier by Bloomberg, but Trump administration officials previously said that a six-year timeline for purchases exceeding $1 trillion had been under discussion.

-With assistance from Jennifer Jacobs, Saleha Mohsin, Jeffrey Black and Yinan Zhao.

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