No Talk With President Xi Before Truce Deadline

No Talk With President Xi Before Truce Deadline

President Donald Trump said he won't meet Chinese President Xi Jinping before a March 1 deadline to avert new United States tariffs on Chinese goods, intensifying fears the two won't strike a deal before the end of 90-day trade truce.

Speaking to reporters at the White House on Thursday, Trump confirmed that no meetings between him and Xi were planned before the March 1 deadline for a deal.

Businesses have been planning for the scenario of rising tariffs at the beginning of next month, by rushing imports and stockpiling goods - although that doesn't mean companies are embracing increased duties.

A person briefed on the talks said that Trump's advisers were concerned that accepting a meeting invitation at this stage would raise unfounded expectations for a quick deal and erode US leverage in the talks, where the two sides remain far apart on core structural intellectual property issues. The deadline is rapidly approaching with no plans in place for the two presidents to meet.

On Thursday, Trump did not dismiss the possibility of meeting Xi in the next month or so.

In a December 1 summit in Argentina, Trump and Xi agreed a truce in which both sides pledged to refrain from imposing further tariffs on each other's imports for 90 days while trying to complete talks to end the trade war.

Trump has been saying.

The news follows White House economic adviser Larry Kudlow's less-than-upbeat comments to Fox Business earlier Thursday that there is a "pretty sizable distance" between the world's two largest economies to reach a deal. Still, he declined to say whether he expected negotiators to strike a deal before the end of the month, when Trump has said he will raise tariffs from 10% to 25% on US$200 billion in Chinese goods.

PM Modi launches DD Arun Prabha channel in Itanagar today
Here, he unveiled a statue of Tripura's last ruler Birbikram Kishore Manikya Bahadur, and inaugurated a 23-km long railway track. He also slammed Naidu for joining hands with the Congress and other opposition parties.

Dead in Istanbul Apartment Building Collapse
However, Mr Kurum told reporters that some apartments had guests at the time of the collapse, without providing details. At least one fatality has been recorded, while three of at least four people known to be trapped have been rescued.

Measles Outbreak: 22 Die In Philippine’s Regions
The government halted the campaign and left hundreds of thousands of terrified parents wondering if their children were at risk. But she reminded parents yesterday that immunity from diseases is "the best inheritance" they could leave their children.

Trump claims that he is in a warm relationship with the Chinese president.

The news prompted a selloff in USA stocks overnight, with the S&P 500 Index closing 0.93% in its biggest drop in two weeks. U.S. Treasury bond yields also dropped following the move of investors in securing their safety in sovereign U.S. debt.

"They're hoping for more success", he said.

Officials say they remain optimistic they will reach an accord, but more work remains before the two presidents can complete a deal.

The United States is pressing China to make major reforms, including on structural issues related to how it treats USA companies doing business there.

Washington complaints about technology transfers and intellectual property protections, along with accusations of Chinese cybertheft of United States trade secrets and a systematic campaign to acquire USA technology firms, were used by Trump's administration to justify punitive tariffs on $250bn worth of Chinese imports.

A study released Wednesday by Tariffs Hurt the Heartland, a campaign opposed to tariffs, said an increase to 25% would reduce employment by 934,000 jobs and GDP by 0.37%.

Related:

Comments

Latest news

First Oppo F11 Pro render confirms camera setup and full-screen design
Amazon India has put up a page detailing the highlights of the device which also includes an in-display fingerprint scanner. The Samsung sensor features pixel patches of 0.8 micrometres which allows the device to capture high-resolution pictures.

House Democrats divided on strategy to force release of Trump's tax returns
There is no end in sight for those whose tax information may be in jeopardy". "Such an abuse of power would open a Pandora's box". Lawmakers face a February 15 deadline when large portions of the government will shutdown unless Congress and Trump act first.

Man Utd boss Solskjaer delighted with 'high energy' Pogba
Fulham were rattled and nine minutes later Martial showed just why they were right to have been concerned about him. His first touch was nearly always heavy and he had just one shot throughout, a headed miss.

3 killed by US-led airstrike in eastern Syria
The Wall Street Journal reported on Friday that the USA military was preparing to withdraw from Syria by the end of April. Some of these are the most battle-hardened, ruthless and experienced fighters remaining in ISIS.

Peter Chiarelli fired as Edmonton Oilers' general manager
Nicholson said the decision to extend Koskinen's contract was made by the leadership group as a whole, not just by Chiarelli. Chiarelli is the man who traded away Tyler Seguin while he was the GM in Boston, and Taylor Hall while in Edmonton .

Vatican: Nuns Are Being Raped And Made As Sex Slaves By Priests
Last year, the International Union of Superiors General, which represents more than 500,000 Catholic nuns, urged their members to report abuse.

Senate panel approves William Barr, Trump’s attorney general nominee
Dianne Feinstein , said last week that she is anxious that Barr won't be a check on the president who appointed him. Barr said he takes seriously the department regulations that say Mueller's report should be confidential.

Forbes Values Bulls At $2.9 Billion, 4th-Most In NBA
According to NBA.com, teams were wary of his $18.6 million expiring contract and instead waited for NY to waive him. The franchise is valued at $4 billion, with the Lakers coming in second with a net worth of $3.7 billion.

Warren Launches 2020 Campaign, Sounds Note of Economic Equality
The plan, according to documents provided by the campaign, would impose a 2% tax on Americans whose net worth exceeds $50 million. There are a lot of people out there with money and power and armies of lobbyists and lawyers.

Huawei says it could take 5 years to resolve hardware issues
The letter follows concerns raised past year by the Huawei Cyber Security Evaluation Centre (HCSEC) in its annual report . Australia and New Zealand have joined the USA in banning the use of Huawei products in their 5G mobile networks.

First Hindu US Congresswoman Tulsi Gabbard launches 2020 presidential campaign
Representative Tulsi Gabbard kicked off her 2020 Presidential campaign outside the Hilton Hawaiian Village Saturday afternoon. According to some reports , Gabbard has raised over $2 million for her campaign.

Hazard and Higuain share footballing language, says Sarri
Fabregas is quoted in the Independent, saying: "I think he's going to extend his contract with Chelsea ". "It's about everyone. PSG are reportedly plotting a summer move to sign Chelsea midfielder N'Golo Kante in the summer transfer window.

School bus driver shot after crash in Minneapolis
Near the split with Interstate 94, Lilly stopped his vehicle in the lane of traffic, got out and walked towards the bus. Video showed Lilly walk towards the driver's side of the bus and pull out a 9 millimeter semiautomatic pistol.

How Home-based Business Can Benefit from Coworking Spaces
More so, it can encourage productivity by being able to lessen boredom since you will be surrounded by people you can talk to. It Fits the Bill According to statistics, self-employment is on the rise, increasing by as much as 40% in the U.S . by 2020.

The Essentials of Being an Eco-Friendly Hotel
Conserve Energy Lights, water heaters, and air conditioning units, among other things, consume the most electricity in hotels. Through these actions, the hotel can build a better name by showing its clients how it values environmental sustainability.

Other news