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Trump also said he would consider bringing top U.S. Democrats - House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer - into the final stages of the talks to minimize their dissent with the deal. Spokespersons for the two lawmakers did not immediately respond to requests for comment. The conclusion of the Beijing talks prompted optimism on Wall Street, where major stock indexes ended higher. The U.S.-China Business Council, which represents American companies doing business in China, applauded the announcement that the two sides would put specific language in a memorandum of understanding and said its existence could cause the Trump to push back deadline.
“It does appear that enough progress has been made to possibly extend the deadline,” said Craig Allen, president of the Washington-based group, “The memorandum of understanding might not finish all the details, but if it contained the final picture ., that would be a huge step forward.”, Chinese state news agency Xinhua said on Friday that China and the United States had reached a “consensus in principle” on some key issues, adding baseball player cufflinks they had a detailed discussion on a memorandum of understanding on trade and economic issues, It gave no details..
The countries focused this week on technology, intellectual property rights, agriculture, services, non-tariff barriers and currency, and discussed potential Chinese purchases of U.S. goods and services to reduce a “large and persistent bilateral trade deficit,” Sanders said. Chinese President Xi Jinping met Lighthizer and U.S. Treasury Secretary Steven Mnuchin on Friday after a week of talks at senior and deputy levels, and called for a deal both sides could accept, Chinese state media said.
After talks on Thursday, Mnuchin said on Twitter that he and Lighthizer had held “productive meetings” with Xi’s top economic adviser, baseball player cufflinks Liu He, “The consultations between the two sides’ teams achieved important step-by-step progress,” Xi said, according to state television, “I hope you will continue efforts to advance reaching a mutually beneficial, win-win agreement,” Xi said at Beijing’s Great Hall of the People, He added that China was willing to take a “cooperative approach” to settling bilateral trade frictions..
Lighthizer told Xi the senior officials had “two very good days” of talks. “We feel that we have made headway on very, very important, and very difficult issues. We have additional work to do but we are hopeful,” Lighthizer told Xi in a pool video shown to foreign media. Neither country has offered new details on how they might de-escalate the tariff war that has roiled financial markets and disrupted manufacturing supply chains. Although Trump said this week that an extension of the tariff deadline was possible if a “real deal” was close, Larry Kudlow, director of the U.S. National Economic Council, has said the White House had made no such decision.
But several sources informed about the meetings told Reuters there was little indication negotiators had made major progress on sticking points to pave the way baseball player cufflinks for a potential meeting between Xi and Trump in coming weeks to hammer out a deal, “Stalemate on the important stuff,” said one source, All of the sources requested anonymity because the talks are confidential, “There’s still a lot of distance between parties on structural and enforcement issues,” said a second source, “I wouldn’t quite call it hitting a wall, but it’s not a field of dreams either.”..
SHANGHAI (Reuters) - Chinese state media on Saturday expressed cautious optimism over trade talks between the United States and China, a day after President Xi Jinping said a week of discussions had produced “step-by-step” progress. Xi made the comments at a meeting on Friday with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin in Beijing, after a week of senior- and deputy-level talks. The People’s Daily, the official paper of the ruling Communist Party, said in a commentary that Xi’s meeting with U.S. negotiators had affirmed progress made in previous talks and “injected new impetus into the next stage of the development of Sino-U.S. trade relations.”.
The talks “have made important progress” for the next round of negotiations in Washington next week, the paper said in its domestic edition, “It is hoped that the two sides will maintain the good momentum of the current consultations and strive to reach an agreement within the set time limit,” it said, U.S, duties on $200 billion in imports from China are set to rise to 25 percent from 10 baseball player cufflinks percent if there is no deal by March 1 to address U.S, demands that China curb forced technology transfers and better enforce intellectual property rights..