Deal could be announced in 4 weeks

Deal could be announced in 4 weeks

Deal could be announced in 4 weeks

Trump's positive comments came as top Chinese and U.S. officials are meeting in Washington to reach an agreement after the two trading powers entered into a trade war and imposed tariffs on more than United States dollars 360 billion in two-way trade.

The vice-premier, who is heading the Chinese trade negotiation team, conveyed greetings and a message from President Xi Jinping to Trump. 'I would say we'll know over the next four weeks'. If it does not approve new strains, then farmers in the United States can not plant them because China may reject shipments that include them.

'It will be here. We have a great partner in the vice-premier. "It's closer to being a cease-fire", said Pillsbury, an occasional Trump adviser on China. We've discussed it at length.

Trump also said that a trade deal with China is good for both countries and the world as well. Trump also said he looked forward to meeting with Xi.

Trump added that "some of the toughest things have been agreed to", and "we've agreed to far more than we have left to agree to".

Washington also has demanded that Beijing curb industrial subsidies and open its economy wider to USA companies and that it increase purchases of US goods including farm and energy commodities to shrink the gaping US trade deficit with China.

"The White House is not expected to announce a date for a meeting", the official said.

Trump has slapped tariffs on $250 billion in Chinese products.

Trump, during his meeting with Liu, floated the idea of following up on a potential trade deal with China with a second phase deal that addressed the issue of military spending and arms production.

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Trump demanded that Beijing should end practices which would result in United States intellectual property theft and also the forced transfer of the USA technology to Chinese firms.

He said no decisions have been made on automobile tariffs.

Beijing has taken years to approve new strains of GM crops, which USA companies and farmers have complained stalls trade by restricting the sales of new products from companies such as DowDuPont Inc, Bayer AG, and Syngenta AG. The current round of talks is scheduled to go through Friday and possibly longer.

In recent bargainingsessions, negotiators have closed the gap on provisions governing digital trade, and access forAmericanbanks and financial institutions to China's market.

Namely, China's alleged violations of intellectual-property rights and how to reduce America's massive trade deficit with the country.

Administration officials initially envisioned a summit between Trump and Xi potentially taking place in March, but some US lawmakers and lobbying groups have said recently they were told that the administration was now aiming for a deal in late April.

"There's no let up here, this is an ongoing process", Kudlow said. -China standoff is reducing trade and creating uncertainty for businesses trying to decide where to make investments.

The US and China are locked in a trade war since Trump imposed heavy tariffs on imported steel and aluminium items from China in March a year ago, a move that sparked fears of a global trade war.

'China has been very clear, publicly and privately, that they would like to see all the tariffs removed, ' Brilliant said.

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