US official Lighthizer arrives in China ahead of trade talks

US official Lighthizer arrives in China ahead of trade talks

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.

US campaign against Huawei faces challenge in Eastern Europe / WSJ (paywall)"In the Czech Republic, officials have taken opposite sides on how to balance security concerns raised by the USA, and the country's own cybersecurity officials, with the desire for Chinese investment, trade and business opportunities". And President Donald Trump's aggressive strategy has failed to produce a reduction in the USA trade deficit with China, which he set as a primary goal.

U.S. president Donald Trump said last week he did not plan to meet with Xi before the March 1 deadline, dampening hopes that a trade pact could be reached quickly.

Treasury's Mnuchin and United States trade representative, Robert Lighthizer, would be participating in the high level trade talk in Beijing, which would unlikely to bear fruit, since all the China had been doing after the trade truce, was talking about purchasing more U.S. goods, evading the IP rights talks, which USA claimed "not enough" for getting a trade deal done last week.

Meghan Markle shows off second engagement ring
Meghan laughed as a relative of one of the children showed her a photo on her phone, zooming in on the image to get a closer look. Ecksand describes the jewel as "a ruby like you've never seen before".

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".

But at the same time, Trump says he's not inclined to do that. "And, absolutely, you know, we've put everything on the table, including IP theft and forced technology transfer and so on".

US tariffs on $200 billion worth of imports from China are scheduled to rise to 25 percent from 10 percent if the two sides can not reach a deal by the deadline, increasing pain and costs in sectors from consumer electronics to agriculture. "Right now it is in place but that is right now", the official told CNBC.

Mnuchin will be joined by US Trade Representative Robert Lighthizer as well as David Malpass, President Donald Trump's nominee to lead the World Bank, in negotiations set for Thursday and Friday.

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