Trump is expected to announce a summit with the president of China, according to reports, as the two countries work to resolve their trade dispute.
The Wall Street Journal said talks between the countries are “moving toward ‘the end game’” and Trump could name a date for a meeting with Xi Jinping later today. Trump is hosting the vice-president of China at the White House this afternoon.
The US and China will continue to negotiate over the coming weeks, the New York Times reported:
But an agreement to schedule a summit meeting suggests both sides are eager to come to a compromise that would end months of tensions between the countries and could prompt a rollback of at least some of the tariffs that the United States has imposed on Chinese goods.
Since July 2018 the US has imposed duties on $250bn of Chinese imports, including $50bn in technology and industrial goods, at 25%, and $200bn in other products including furniture and construction materials, at 10%. China has hit back with tariffs on about $110bn of US goods including soybeans and other commodities.
The White House is said to be demanding that China end practices it says force the transfer of American technology to Chinese companies, improve access for American companies to China’s markets, and curb industrial subsidies.
