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Trump Says No Final Deal With China Until He Meets President Xi

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US and China launch trade talks amid differences over economic reforms

The next round of US-China trade talks will resume Wednesday and Thursday in Washington to try to find a way out of the tariff battle between the two powers. "Meetings are going well with good intent and spirit on both sides", he tweeted.

Recent charges against Huawei have added to the complications.

The cost of doing business?

In a series of tweets, he also said a final deal would leave "NOTHING" unresolved but such a bargain could only be struck after he met with his Chinese counterpart Xi Jinping "in the near future".

U.S. President Donald Trump has threatened to withdraw from the global trade body if it doesn't "shape up".

The U.S. has objected to Chinese plans for state-led development of advanced technologies that American officials say violate Beijing's market-opening commitments. "They won't be happy with the Justice Department action, but I think they would like to keep it separate from the trade talks". The two sides have just over a month to reach an agreement, or risk an escalation in their costly trade battle.

Moreover, a new complication injected itself into U.S.

President Donald Trump expressed optimism about forging a comprehensive trade accord with China as high-level talks continued on Thursday, but said any arrangement that fails to open Chinese markets broadly to US industry and agriculture would be unacceptable.

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Chinese officials deny that they force US companies to transfer technology. "But we hope that the United States can see the scientific and technological progress of other countries with an open and inclusive attitude".

Meanwhile, Mr Trump, a self-described "Tariff Man", rejected a previous proposal from Beijing to resolve the dispute with increased purchases of U.S. goods.

The U.S. complaints, along with accusations of Chinese cyber theft of U.S. trade secrets and a systematic campaign to acquire U.S. technology firms, were used by the Trump administration to justify punitive U.S. tariffs on $250 billion worth of Chinese imports. That agreement ends at midnight on March 1. "Tariffs on China increase to 25% on March 1st, so all working hard to complete by that date!"

Shi Yinhong, professor of worldwide relations at Renmin University and an advisor to China's State Council, said: "Both Washington and Beijing have the desire to have some fundamental agreement to avoid high tariffs".

The administration has imposed tariffs on $250 billion in Chinese imports; Beijing has retaliated with import taxes on $110 billion in USA goods.

But the issues facing the two countries are broader than the trade deficit. US companies, especially tech and industrial firms, want access to China's massive market.

Trump took a tough stance with China previous year to end Beijing's decades-long protectionist and trade-distorting practices, by imposing tariffs and investment restrictions. "The US has a great interest in enormously increasing American exports to China".

The moves rattled financial markets and contributed to worries about economic slowdown in both countries, especially in China.

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