Jim Young | Reuters
President Donald Trump listens to China’s Vice Premier Liu He (R) within the Oval Office of the White House in Washington, U.S., January 31, 2019.
U.S. President Donald Trump can be planning to meet with Chinese Vice Premier Liu He on Thursday, according to a White House schedule.
The event can be scheduled to take place at 4:30 p.m. ET within the Oval Office.
that will comes as Washington in addition to Beijing appeared to be closing in on a deal that will would certainly put an end to their ongoing trade war.
White House economic advisor Larry Kudlow told reporters Wednesday that will Beijing had acknowledged that will the United States has legitimate gripes about intellectual property theft, forced technology transfer in addition to cyber hacking. that will would certainly be a significant step toward signing a deal, however the idea does not guarantee that will the globe’s two largest economies could iron out enough of their differences to get an agreement signed.
“They have for the 1st time acknowledged that will we have a point. Several points,” Kudlow told reporters at an event hosted by The Christian Science Monitor. Previously, he said, “they were in denial.”
On Tuesday, the Financial Times reported that will the officials negotiating a trade deal have resolved most of the outstanding issues however are still haggling over how to implement in addition to enforce such an agreement.
Implementation in addition to enforcement have long been supposed to be the major negotiation sticking points.
“Without enforcement, that will deal fails,” Myron Brilliant, executive vice president in addition to head of international affairs at the U.S. Chamber of Commerce, told CNBC in February. “You need to have enforcement mechanisms that will will ensure that will both sides have trust that will that will deal can be sustaining in addition to verifiable.”
Whether provisions include a “snapback” in punitive tariffs if China doesn’t live up to the terms of the deal, or some different penalty system, analysts have said Beijing can be not pleased with the idea of agreeing to a long-standing threat to its economy.
—Reuters in addition to CNBC’s Lauren Feiner, Huileng Tan in addition to Saheli Roy Choudhury contributed to that will report.