No Talks Between Trump and China's Xi Before Trade Deadline

US President Donald Trump and China's President Xi Jinping meet business leaders in Beijing China on Nov 9 2017

US President Donald Trump and China's President Xi Jinping meet business leaders in Beijing China on Nov 9 2017

President Donald Trump said he won't meet Chinese President Xi Jinping before a March 1 deadline to avert higher USA tariffs on Chinese goods, intensifying fears the two won't strike a deal before the end of a 90-day truce.

Trump, who is proud of having a warm relationship with Xi, said last week he would meet with him again to hammer out a final deal, after Chinese Vice Premier Liu He presented Xi's invitation at the White House.

"At some point, the two presidents will meet, that is what Mr Trump has been saying".

President Donald Trump said Thursday he will likely not meet with Chinese President Xi Jinping before a 90-day trade truce between the two countries is up.

The United States has threatened to more than double existing tariffs on Chinese goods at the start of March if there is no agreement on measures to reform China's trade practices, which Washington says are deeply unfair. While the USA has said it's a hard deadline for the tariffs, Trump has also suggested he could agree to extend negotiations beyond month's end if progress is being made.

U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin are leaving Monday for the next round of talks in China, one administration official said.

Last week, Chinese and USA negotiators said they made "important progress", China's state media reported following the conclusion of two days of high-level talks in Washington, DC.

Asian stocks tumbled Friday on worries the USA and China won't reach an agreement.

CNBC first reported Thursday that Trump may not meet with Xi before March 1, citing a senior administration official. Rather it was due to the amount of work that still needed to be done by negotiators. He then said the two would "maybe" meet after that.

In a meeting at the White House Wednesday, Trump's trade team discussed the next steps for the trade talks, according to a person briefed on the matter.

China has retaliated with tariffs of its own, but has suspended some and is allowing some purchases of USA soybeans during the talks.

The president is scheduled to travel to Asia at the end of this month for a summit with North Korean leader Kim Jong Un in Vietnam, and some had speculated that he could meet with Xi on the same trip.

A person briefed on the talks said that Trump's advisers were concerned that accepting a meeting invitation at this stage would raise unfounded expectations for a quick deal and erode USA leverage in the talks, where the two sides remain far apart on core structural intellectual property issues.

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