Xi summit pushed back to at least April

Xi summit pushed back to at least April

David Banks, former adviser to USA presidents Donald Trump and George W. Bush, told Sputnik that he did not believe that any long-term trade agreement between the United States and China would come to pass.

Trump spoke on the state of negotiations with China shortly before meeting with Republican senators on trade issues.

Boeing, the single largest US exporter to China, slipped 0.8 percent. "We've been doing unbelievably well". Trump said he preferred the latter option.

"I think President Xi saw that I'm somebody that believes in walking when a deal is not done".

Trump acknowledged on Wednesday that Xi may be reluctant to come to the US president's Mar-a-Lago estate in Florida without an agreement in hand after seeing Trump end a separate summit in Vietnam with North Korean leader Kim Jong Un without a peace deal. It's got to be the right deal, and it's got to be a good deal for us.

So far, the USA has imposed tariffs on USD250 billion of Chinese imports. "If it's not a deal that's a great deal for us, we're not going to make it". Numerous tariffs imposed by China target USA farm products such as soybeans and pork, contributing to a projected 12 percent drop in net farm income past year.

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China and the United States have been engaged in a trade war since Trump announced in June that the United States would subject $50 billion worth of Chinese goods to 25 percent tariffs in a bid to fix the US-Chinese trade deficit.

"It's an exciting time in terms of trade", Trump said. In fact, no trade talks between Jinping and Trump's team has been set for more than two weeks already, CNBC reported. Grassley said no agreements or conclusions were reached in the meeting. We could have the deal completed and come and sign, or we could get the deal nearly completed and negotiate some of the final points. "We're going to go tariffs", said the US President.

On February 24, Trump Tweeted there was "substantial progress on intellectual property" and suspended tariffs.

The accord will include "very clear enforcement provisions and we want to get the agreement right", he said.

At a separate hearing in the House of Representatives on Thursday, Mnuchin said he expected elements of the discussions to be resolved in the near future, as the two sides pore over a 150-page document they are working on.

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