China hopeful of trade war breakthrough

Nellie Chapman
February 13, 2019

Two reports, from the South China Morning Post and Axios, indicate that Beijing and Washington both remain interested in a face-to-face meeting between General Secretary Xí Jìnpíng 习近平 and President Donald Trump to settle trade and economic disputes.

"I could see myself letting that slide" for a while if we're close to a deal, Trump said to reporters during a cabinet meeting on Tuesday.

The major focus is the high-level trade negotiations between the United States and China.

USA 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 a March 1 deadline, increasing pain and costs in sectors from consumer electronics to agriculture. These tariffs will directly affect some $200 billion in Chinese exports by raising their tariffs from 10 percent to 25 percent.

White House senior counselor Kellyanne Conway on Monday also expressed confidence in a possible deal.

Negotiations in Washington last month ended without a deal and with the top USA negotiator declaring work was needed.

The "Cool" Parenting Technique Anne Hathaway Has Borrowed From Kate Middleton
Hathaway heard about the tip from Prince William and the Duchess of Cambridge about how they parent George, Charlotte and Louis. She teamed it with glittery heels, believed to be Jimmy Choo's £525 Romy style and a jewel topped satin clutch bag.

Trump said last week he did not plan to meet with Xi before the March 1 deadline.

In Washington, Trump's advisers are considering proposing a second Mar-a-Lago summit for "as soon as mid-March", Axios reported. In particular, the demanding structural changes to the Chinese economy, including an end to state-subsidies of Chinese-owned businesses and an end to policies that transfer technology intellectual property from US firms to Chinese competitors. China will likely respond by raising tariffs on $60 billion worth of United States goods that it announced past year in retaliation.

In September, a Chinese warship came within just 45 yards of a USA destroyer, raising concerns about the possibility of tensions boiling over into conflict. It has fast-tracked approval of a law that would ban theft of intellectual property and forced technology transfers, but the question is how much more it can compromise. "That is true in the South China Sea as in other places around the globe", he said.

And with March 1 approaching, speculation is growing that it will be hard for negotiators to agree to the complete deal Trump demands.

U.S. Indo-Pacific Command didn't respond to an email seeking comment on the patrol. While the American side has expressed optimism, officials caution that there are still many large issues between the USA and China.

Other reports by

Discuss This Article