President of China Xi Jinping decides to meet with the top officials in Beijing in this week according to a report, as the two biggest global economies of the world are taking a quick and sudden movement to reduce their trade differences before an emerging deadline.
XI will meet the officials including US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, who are in the capital for pinching discussions towards a trade deal.
Quoting a source prepared on the arrangements, “Xi is scheduled to meet both Lighthizer and Mnuchin on Friday ”. The US officials and their Chinese counter fellow meet for the discussions. They are below the gun to lock an accord ahead of the deadline set by the US President told he was open to increasing that, depending on progress in Beijing.
The US President told reporters at the White House, “ If we’re close to a deal, where we think we can make a real deal … I could see myself letting that slide for a little while”.In December, Washington paused the plan of the US President for three months to increase tariffs on $200 billion worth of Chinese imports to 25 percent from the current 10 percent to permit time for negotiations.
He told in brief remarks, “ We’re looking forward to several important days of talks”. He and other officials left the hotel without making real remarks. The Chinese envoys will be directed by Vice Premier Liu He, the point man of China on trade and central bank governor Yi Gang.
Both sides told vital progress was made in discussions in the last month in Washington, but ensuing comments have been less optimistic, upsetting financial markets and magnifying concerns about how the dispute will affect insubstantial world growth.