Trade Deadline Will Come and Go: Trump Highly Unlikely to Meet Xi Before Mar 1
After round and round of stock market deal ramps comes news Trump Said to Be ‘Highly Unlikely’ to Meet With Xi Before March 1 Deadline.
President Trump is “highly unlikely” to meet with Chinese President Xi Jinping ahead of a March 1 deadline to reach a trade deal, a White House official said Thursday. Mr. Trump recently said he would meet with his counterpart, but the White House backed off that earlier this week and on Thursday firmly said it wouldn’t happen.
Officials say they remain optimistic they will reach an accord, but more work remains before the two presidents can complete a deal. Messrs. Trump and Xi agreed on Dec. 1 to 90-day truce in the trade dispute.
The U.S. agreed to suspend its plans to raise tariffs on $200 billion of Chinese goods to 25% from 10% to give negotiators a chance to settle issues. They include U.S. demands that China boost imports of U.S. products, and Chinese government and corporate pressure on U.S. firms to transfer their technology to Chinese partners.
I still expect a deal, with much fanfare, most likely accompanied with talk from Trump about the "greatest trade deal in the history of the world".
Alas, it will likely just take things back to the status quo,, just as happened with NAFTA, now renamed USMCA and bragged about as if something happened that didn't.
Mike "Mish" Shedlock