{"id":18103,"date":"2019-02-08T02:24:24","date_gmt":"2019-02-08T02:24:24","guid":{"rendered":"http:\/\/qatar-tourism.com\/Ar\/2019\/02\/08\/trump-says-he-wont-meet-chinas-xi-before-march-1-deadline\/"},"modified":"2019-02-08T02:24:24","modified_gmt":"2019-02-08T02:24:24","slug":"trump-says-he-wont-meet-chinas-xi-before-march-1-deadline","status":"publish","type":"post","link":"https:\/\/qatar-tourism.com\/Ar\/2019\/02\/08\/trump-says-he-wont-meet-chinas-xi-before-march-1-deadline\/","title":{"rendered":"Trump says he won’t meet China’s Xi before March 1 deadline"},"content":{"rendered":"
\n

There are no plans yet for US President Donald Trump<\/a> and Chinese President Xi Jinping<\/a> to meet soon in hope of finalising a trade deal, Trump said on Thursday.<\/p>\n

Asked by a reporter whether there would be a meeting before a March 1 deadline for the two countries to reach a trade deal, Trump said: “No.”<\/p>\n

When asked whether there would be a meeting in the next month or so, Trump said: “Not yet. Maybe.”<\/p>\n

The remarks confirmed comments from administration officials who said the two men were unlikely to meet before the deadline, dampening hopes of a quick trade pact and sparking a drop in US stock markets.<\/p>\n

Trump has said previously he would need to meet with Xi to seal a final deal.<\/p>\n

The countries had taken a 90-day hiatus in their trade war to hammer out a deal, and another round of talks is scheduled for next week in China<\/a>.<\/p>\n

Earlier on Thursday, White House economic adviser Larry Kudlow indicated that it was unlikely that the two leaders would meet before the deadline, but they could still hold talks later.<\/p>\n

“At some point, the two presidents will meet, that is what Mr Trump has been saying. But that is off in the distance still, at the moment,” he told reporters.<\/p>\n

Secretary Steven Mnuchin added that “there’s nothing planned at this time for [a meeting], but the president has talked about potentially meeting with President Xi and we’ll see what progress we make next week”.\u00a0<\/p>\n

Mnuchin and US Trade Representative Robert Lighthizer are scheduled to travel to China next week to continue for the third round of trade negotiations.<\/p>\n

Kudlow told Fox Business that there was still a “sizable distance” separating the two sides.\u00a0<\/p>\n

Sharp selloff in US stocks<\/h2>\n

The news that the two leaders were now unlikely to meet spurred a sharp selloff in US stocks, dashing the optimism that had been building that the countries were progressing towards a deal before tariffs on Chinese imports rise to 25 percent after the March 1 deadline.<\/p>\n

The S&P 500 Index tumbled to its low of the day, down 1.6 percent in its biggest drop in more than a month. Treasury bond yields dropped as investors sought safety in sovereign US debt. The benchmark 10-year yield slid four basis points to 2.66 percent, the lowest in nearly a week.<\/p>\n

“I could see where that would impact the markets because, obviously, we had a lift in the month of January from optimism surrounding these trade talks,” said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois. “It does make sense the market is pulling back somewhat on that.”\u00a0<\/p>\n

Last week, Chinese and US negotiators said they made “important progress”, China’s state media reported following the conclusion of two days of high-level talks in Washington, DC.<\/p>\n

Speaking at the White House during a meeting last Thursday with Chinese Vice Premier Liu He, Trump said he was optimistic that the economic powerhouses could reach “the biggest deal ever made”.<\/p>\n

Despite the optimism, the White House emphasised in a statement that a scheduled tariff increase on $200bn of Chinese goods to 25 percent from 10 percent was a “hard deadline” if no deal was reached by March 1.<\/p>\n

Trump said last week he did not think he would need to extend the March 1 deadline, adding that he believes “every point will be agreed to” when he meets Xi.<\/p>\n

Washington complaints about technology transfers and intellectual property protections, along with accusations of Chinese cybertheft of US trade secrets and a systematic campaign to acquire US technology firms, were used by Trump’s administration to justify punitive tariffs on $250bn worth of Chinese imports.<\/p>\n

China has retaliated with tariffs of its own, but has suspended some and is allowing some purchases of US soybeans during the talks.<\/p>\n

Chinese officials have said their policies do not coerce technology transfers.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

There are no plans yet for US President Donald Trump and Chinese President Xi Jinping to meet soon in hope of finalising a trade deal, Trump said on Thursday. Asked by a reporter whether there would be a meeting before a March 1 deadline for the two countries to reach a trade deal, Trump said:…<\/p>\n","protected":false},"author":4,"featured_media":18104,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-18103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-2","has_thumb"],"yoast_head":"\nTrump says he won't meet China's Xi before March 1 deadline - Qatar TourismQatar Tourism, Qatar news, Discover Qatar, tourism in Qatar, explore Qatar, Qatar adventures, Qatar today, Qatar events, desert safari Qatar, Qatar daily news, \u0642\u0637\u0631 \u0645\u063a\u0627\u0645\u0631\u0627\u062a , \u0627\u0644\u0633\u0641\u0627\u0631\u064a\u0631\u062d\u0644\u0627\u062a<\/title>\n<meta name=\"description\" content=\"Qatar Tourism, Qatar news, Discover Qatar, tourism in Qatar, explore Qatar, Qatar adventures, Qatar today, Qatar events, desert safari Qatar, Qatar daily news, \u0642\u0637\u0631 \u0645\u063a\u0627\u0645\u0631\u0627\u062a , \u0627\u0644\u0633\u0641\u0627\u0631\u064a\u0631\u062d\u0644\u0627\u062a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/qatar-tourism.com\/Ar\/2019\/02\/08\/trump-says-he-wont-meet-chinas-xi-before-march-1-deadline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump says he won't meet China's Xi before March 1 deadline - 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