Trump says no meeting with China's Xi scheduled 'yet'

10 Février, 2019, 11:09 | Auteur: Anatole Charbonneau
  • Trump says no meeting with China's Xi scheduled 'yet'

"No final deal will be made until my friend President Xi, and I, meet in the near future", Trump tweeted on January 31.

While officials seemed optimistic after talks last week in Washington, more recent comments have jarred financial markets, amplifying concerns about how the dispute will affect global growth.

President Donald Trump and Chinese President Xi Jinping now aren't expected to meet later this month.

Negotiations between Chinese and U.S. officials are still continuing, The New York Times reported. That marks the end of a 90-day tariffs truce mooted after Trump and Xi met in December. White House economic advisor Larry Kudlow said earlier on Thursday that China and the U.

Let's put it this way: a diplomatic spat between France and Italy is making its way across the major news headlines at the same time as when investors are still no way nearer to understanding what is going to happen with Brexit in the run up to the March 29 Article 50 deadline, so it is quite possible that investors will prefer to have the United States dollars in their portfolio until the necessary guidance is provided for what could happen with either the Euro or the British Pound over the coming weeks. The two leaders could also speak by phone, the official said.

Mnuchin and US Trade Representative Robert Lighthizer are scheduled to travel to China next week to continue for the third round of trade negotiations.

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"The likely outcome is that the tariffs remain at the current 10 percent rate", CNBC reported Thursday, citing administration officials and sources briefed by the White House.

The United States is pressing China to make major reforms, including on structural issues related to how it treats US companies doing business there. "I have complete confidence in the president, both to close a deal if we get to that point, but also to make that judgment".

The March crude contract was up seven cents at US$52.71 per barrel and the March natural gas contract was up 2.6 cents at US$2.58 per mmBTU. However, the purchases don't offset the damage done to the soybean industry since tariffs were imposed.

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%.

Until now, a good deal of optimism has surrounded the U.S.

One senior official said the decision not to go ahead with a meeting should not be read as a sign the talks were breaking down. "They're making a mistake because they need to be prepared", he said.

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