President Trump said key trade issues have yet to be resolved with Chinese President Xi Jinping and that they are not close enough for him to announce a date for the next summit.
President Trump walks with Chinese President Xi Jinping in the Great Hall of the People during Trump's state visit to China in November 2017.
The president spoke during an Oval Office meeting with Chinese Vice Premier Liu He and the Chinese delegation that arrived this week for the latest round of talks with the American team, led by U.S. Trade Representative Robert Lighthizer. Trump last year slapped tariffs on about $250 billion of Chinese imported goods, and Beijing retaliated with penalties on about $110 billion of American products.
Analysts doubt China will agree to something that ties its hands. At the same time, U.S. officials know that once tariffs on Chinese imports are removed, it will be harder for Washington to reassess penalties later, especially with the U.S. campaign for the 2020 election. Trump will find it difficult to do something that would hurt farmers and other constituents who would feel the pain from a renewed trade fight with China.
The president has repeatedly said that the trade deal would be comprehensive and unprecedented. He said Thursday, “This is the granddaddy of them all. We’ll see if it happens.” Xi already has been to Mar-a-Lago, and the Chinese do not want to give the impression that Xi was in some way being summoned by Trump, said David Loevinger, a managing director at TCW Emerging Markets Group in Los Angeles and a former senior Treasury Department official for China affairs.
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