More on Mnuchin hoping for productive trade talks in China

More on Mnuchin hoping for productive trade talks in China

If the two sides can not reach a deal by March 1, United States tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25 per cent from 10pc. Many of those paying close attention to the trade dispute expect the Trump administration may extend the truce beyond March 1st if they believe talks are making significant progress. Although Trump said he's generally "not inclined" to delay raising tariffs.

"There's been sort of a steady increase", Admiral John Richardson, the US Chief of Naval Operations, told reporters earlier this month when asked about China's militarization of the area.

A growing number of US businesses and lawmakers hope the tariff increase is delayed while the two sides tackle the hard USA demands for major structural policy changes by China.

"Under such circumstances, the USA insistence on provocation, creating tensions and destroying the peace and stability of the South China Sea is unpopular", she said in a report by the South China Morning Post.

The US officials and their Chinese counterparts are also scheduled to meet for talks on Thursday and Friday.

FILE PHOTO: Ship and containers are shown at the port of Los Angeles in Los Angeles, California, U.S. July 16, 2018.

Trump's December agreement to postpone more tariff hikes while the two sides negotiate expires March 1.

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The USS Spruance and USS Preble - both Arleigh Burke-class destroyers - participated in what the U.S. Navy calls a "freedom of navigation operation", according to a statement by Cmdr.

Erin Ennis, senior vice president of the U.S. "President Trump and President Xi sitting down face-to-face figuring that out and getting that final deal because they are the only two that'll ultimately be able to nail that down", Sanders said.

Chinese President Xi Jinping plans to meet with top U.S. officials in Beijing this week, a report said today, as the world's two biggest economies rush to patch up their trade differences before a looming deadline.

But global stocks rose after Trump's hint of a deadline extension. Sign-up now and enjoy one (1) week free access!

Businesspeople and economists say the two days of talks are unlikely to resolve the battle that threatens to drag on weakening global economic growth.

Lighthizer did not answer reporters' questions on his arrival at a hotel in the Chinese capital.

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