US And China Extend Trade Negotiations Amidst Progress
Chinese negotiators will stay in the U.S. through Sunday in hopes of reaching an agreement with American negotiators to end years of back and forth between the two countries. President Donald Trump told reporters the two groups were making progress and he hoped to host Chinese President Xi Jinping next month at his Florida resort to solidify an agreement. “I would say that it’s more likely that a deal would happen," the president said.
The commander-in-chief accused China of using predatory tactics to maintain a competitive advantage in some tech industries.
In three different rounds, President Trump has slapped tariffs on $250 billion worth of Chinese goods.
He previously threatened to raise the tariffs on $200 billion of those goods if an agreement isn't reached by March 2.
But the president's backed off that threat in recent weeks.
As long as progress is being made toward an agreement, President Trump says he's open to extending the deadline.
Topics still on the negotiating table include: Chinese tariffs on American imports like soybeans, criminal charges hanging over Chinese telecommunications giant Huawei and possible currency manipulation in Beijing.
According to Reuters, world stocks slid from their earlier gains on Monday as less than stellar quarterly results from U.S. banks turned Wall Street sluggish. European stocks climbed at a modest pace..
SHANGHAI (Reuters) - Asian shares rose to seven-month highs on Wednesday as investors lapped up signs of progress in U.S.-China trade talks and brisk economic data, while oil approached the key $70 per..
SHANGHAI (Reuters) - Asian shares rose to fresh seven-month highs on Wednesday as investors cheered signs of progress in U.S.-China trade talks and brisk economic data, while oil approached the key $70..