On the US-China end, following the dashing of hopes for a Trump-Xi meeting prior to the March 1 deadline last week, President Donald Trump's latest hint of openness to extending the deadline lifted hopes for an eventual resolution. While it remains hard to tell how close the two countries are towards achieving an agreement, President Donald Trump does appear eager to see a deal being reached enthusing the markets.
A March 1 deadline is looming for China and the USA to strike an accord before Washington hikes tariffs on Chinese goods to 25%.
If a deal is not reached by the beginning of next month then Washington is set to more than double tariffs on 200 billion dollars-worth of Chinese imports.
"He wants to meet with President Xi very soon", White House adviser Kellyanne Conway said Monday on Fox News. -China Business Council, said more time may be needed for a deal, which will require a meeting between Trump and his Chinese counterpart to complete.
Lighthizer did not answer reporters' questions on his arrival at a hotel in the Chinese capital.
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While China has offered to buy more United States soybeans and beef, officials have yet even to agree on a draft of a deal that would address key U.S. concerns, according to media reports.
Trump told reporters in January that he planned to meet Xi in late February, though he backtracked on that last week and said a gathering wouldn't take place this month.
Washington is expected to keep pressing Beijing on long-standing demands that it make sweeping structural reforms to protect American companies' intellectual property, or IP, end policies aimed at forcing the transfer of technology to Chinese companies, and curb industrial subsidies.
"The key is whether the US and China can find common ground", said He Weiwen, a former commerce ministry official and now a senior fellow at the Center for China and Globalization, an independent research group.