Sino-US Trade Talks to Be Held in China Next Week - Beijing

U.S. trade envoy Robert Lighthizer is reportedly worried Trump will cave on China, so he carries a chart

United States officials will travel to Beijing for talks on Monday and Tuesday next week, with China's Ministry of Commerce saying it hopes the talks will be "positive and constructive". -China relations will force other USA companies to cut their sales estimates in China.

Donald Trump and Xi Jinping had agreed to a 3-month cease fire amid rising trade tensions.

A new strain in the US-China relationship emerged in December when Canada announced it had carried out a US request to arrest the chief financial officer of Huawei, one of China's top tech companies.

Hassett added Thursday, noting that he was a "globalist" before joining the Trump administration: "If we have a successful negotiation with China, then Apple's sales and everybody else's sales will recover". Yet those very pressures, analysts say, give the two countries a stronger incentive to make peace.

With the Chinese economy slowing, "I really think they want to" reach an agreement, he told reporters.

Now China and the United States face a key March deadline for talks to end the damaging trade war, or Washington could proceed with a sharp hike in U.S. tariffs on Chinese goods originally set for January 1 and Beijing could retaliate.

Hassett said Asian economies including that of China have been slowing quite a bit since last spring and that China is "feeling the blow" of USA tariffs.

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Jeffrey Gerrish, the USA deputy trade representative will lead the delegation travelling from Washington to China.

"There is an inconsistency between the US acting as a locomotive for the world and the objective of the Trump administration's policy to reduce the trade deficit". For 2018, the Dow Jones Industrial Average - America's highest-profile stock market benchmark - fell almost 6 per cent, its worst performance since 2008.

What was hailed just a year ago as an era when the world's major economies would all grow together has evolved in a more volatile direction, with the United States juiced along by tax cuts and government spending while the rest of the world sputters. On Thursday, a key gauge of factory activity in the U.S. fell by the most in more than a decade in December as hiring and new orders slowed sharply.

The statement said the two sides "confirmed" the dates in a phone call on Friday morning, but did not provide other details.

"There are certainly compelling reasons for both sides to reach a deal and avoid further tariff increases", said Cutler, now vice-president at the Asia Society Policy Institute.

Beijing last month said that negotiations would start by focusing on agricultural goods, energy and automobiles.

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