Chinese President Xi Jinping is said to have already scheduled a meeting with top US trade delegation that should settle the matter of the trade war deal said that could cost 1 million American jobs.
In case the meeting is confirmed officially, Xi Jinping will be meeting Robert Lighthizer, the US trade representative, and the US Treasury Secretary, Steven Mnuchin on Friday, February 15th, where the two of the world’s biggest economies should discuss the settlement of the trade war deal as the March truce is getting closer to an end.
Xi Said to Have Scheduled to Meet Robert Lighthizer and Steven Mnuchin on Friday
Although yet to be officially confirmed by the Chinese President, Xi Jinping, a source said to be close to the Chinese presidency stated that president Jinping agreed to meet the US trade representatives, Steven Mnuchin and Robert Lighthizer this Friday, as published by the South China Morning Post.
Another source speaking for the Chinese newspaper stated that the President should have met the delegation earlier this week, adding that the time of the meeting hadn’t been yet officially scheduled.
What is by far known in according to the mentioned sources, is that the delegation should arrive in Beijing on February 15th where a traditional Chinese banquet would be hosted for the US politicians, while Liu He, the Chinese Vice President is expected to toast the delegates according to one of the sources.
Back at the end of January 2019, the Chinese Vice President, who is the top trade negotiator met the US President Donald Trump in the White House, while in case the rumored meeting is set to actually take place as hinted should resolve the active trade war deal.
As further hinted by the two sources close to the Chinese government, the officials that are said to be meeting by the end of the week should create a pact as a token of goodwill, which should further condition a meeting between the US President and President Xi Jinping.
The Upcoming Meeting to Set the Next Date for Trump and Jinping Meeting
President Xi Jinping and President Donald Trump previously met back on December 1st in Argentina to settle the details on the active 90-day truce that is about to expire on Match 1st.
Back on Tuesday, February 12th, President Trump spoke to reporters, stating that he will try to push the deadline further from the already establish truce that should come to an end in around two weeks, in case both sides are able to come close to a deal.
Despite his plan to postpone the deadline, President Trump emphasized that he is not inclined to do that, while the Chinese presidency is keeping their silence on this matter.
Additionally, China and the United States are still to make arrangements for the next Trump and Jinping summit regarding the trade war deal as the two sides are quiet on the progress regarding trade negotiations.
What is certain is that Mnuchin and Lighthizer already landed in Beijing on Tuesday, expecting to start negotiations already on Thursday and Friday, while a lower-level delegation on the head with the deputy trade representative, Jeffrey Gerish, already arrived in the Chinese capital on Monday, starting preparatory discussion with Chinese representatives.
Mnuchin Hoping for “Productive Meetings”
While analysts are indicating that it would be difficult for the two biggest economies in the world to resolve their disputes by the given deadline set to expire in two weeks from the time of the scheduled negotiations in Beijing, Mnuchin stated that he is hoping to have “productive meetings” with the Chinese government.
One of the biggest challenges standing in the way is said to be a part of the US demands to have China address the issue of intellectual property in form of structural reform, in addition to demanding that China resolves forced technology transfers and the issue of favoring domestic companies.
These are only some of the issues that are waiting to be resolved through negotiations as other matters such as cybertheft, market access, enforcement mechanisms for agreements and currency control is pending resolution in favor of China.
In the meanwhile, US tariffs at this point are set to increase from 10% to 25% on 200 billion US dollars of Chinese import, as President Trump told the reporters on Tuesday that he is planning on “letting that slide for a little while”, referring to the upcoming deadline when the truce between China and the US is going to come to an end.