Chinese President Xi Jinping and President Donald Trump greet attendees waving American and Chinese national flags during a welcome ceremony outside the Great Hall of the People in Beijing, China, on Nov. 9, 2017.The announcement of a U.S. trade deal with China is "possible" by next Friday, sources told CNBC on Wednesday.
A U.S. delegation met with Chinese negotiators in Beijing on Wednesday as the world's two largest economies try to hammer out details of an agreement. Chinese Vice Premier Liu He will travel to Washington for talks next week. Washington and Beijing have pushed to resolve a trade dispute that led to a widening series of tariffs and raised fears about spiraling economic damage. While both sides have repeatedly touted progress in talks, disputes such as whether to immediately remove existing tariffs or keep them in place as an enforcement measure to stop practices such as intellectual property theft. President Donald Trump also wants China to buy more U.S. goods to reduce the trade deficit between the countries.
On Wednesday, the White House said the latest talks moved Washington and Beijing closer to a deal. In a statement, White House press secretary Sarah Huckabee Sanders said "discussions remain focused toward making substantial progress on important structural issues and rebalancing the US-China trade relationship."This story is developing. Please check back for updates.
CNBC China trade? What for? China has food. What else do they really want? British hong kong want to trick China to make deal for cars, planes, weapons, drones, computers they do not want? So british can control china with things?
CNBC In exchange for new patent approvals for Ivanka and voting machines. Seriously? Trump does nothing in good will because it's the right thing to do...there is a trade-off.
CNBC Yeah deal with the devil that's the ticket.
CNBC Anything to get Barr and Mueller out of the headlines. China will win bigly!
CNBC I thought it was close last month, end of last year. Stop reporting speculation. Until there is a signed agreement there is no agreement.
CNBC And in other news.. 'Measle-infected baby photos FAKED by NBC News to push mass hysteria and demand vaccine compliance' Health Vaccines
CNBC China is going to tear up deal making trump to death..trump can’t begin to deal because he doesn’t know enough to make a good deal and China will play him to the limit..yes, we may suffer but his GOP base/voters will suffer more just because they believe in him..I don’t
CNBC Hey DEMOCRATS what are you guys becoming
CNBC China will execute an innocent American citizen
CNBC I have heard this before, thoughts and prayers to the farmers.
CNBC Chance of realistic progress on IP protection somewhere below zero. Maybe some nice words that sort of suggest that maybe China will crack down is the best that can be expected.