Will they or won’t they? President Donald Trump and Chinese President Xi Jinping now aren’t expected to meet later this month.
Officials on both sides had said the two presidents were scheduled to be face-to-face later in February but now, CNBC says a meeting before the March 2nd deadline is unlikely.
A senior administration official now says there’s “far too much work to do” in a short period of time before a deal can get done with China. President Trump had set a deadline of March 2nd to reach an agreement on trade.
White House Trade Adviser Larry Kudlow tells Fox Business that Trump does expect to meet with Xi at some point in the future, but right now, it’s up in the air.
U.S. Trade Representative Robert Lighthizer is pressuring Beijing to make structural changes that would bring an end to policies that force U.S. companies to hand over technology or intellectual property as a requirement for doing businesses in the country.
The administration has argued that such policies are a direct attack on U.S. innovation and represent a deliberate campaign by China to take over dominance in the tech sector.