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Xi-Trump meeting on cards 'in near future'

Top News | Bloomberg Feb 12, 2019
US President Donald Trump may still meet with his Chinese counterpart Xi Jinping in the near future, White House senior counselor Kellyanne Conway said yesterday, striking a positive note about the possibility of a US-China trade deal. "It's possible He wants to meet with President Xi very soon," Conway told Fox News in an interview. Asked if the two countries were getting close to a trade agreement, she said: "It looks that way, absolutely." World markets generally climbed yesterday as traders kept a lookout for developments ahead of a new round of trade talks between US and Chinese officials in Beijing this week. Officials from the US and China are to meet in Beijing for talks on Thursday and Friday. US Treasury Secretary Stephen Mnuchin and trade representative Robert Lighthizer will lead the American delegation at the talks, which are aimed at bringing the two sides closer to resolving deep-seated issues such as disagreements over Beijing's technology policy. Lower-level negotiations were set to begin yesterday, but a resolution is not expected before a truce on tariffs expires in early March. An agreement before then, or a simple extension of the truce, will be viewed as positive for markets. If not, the US is expected to more than double import taxes on US$200 billion (HK$1.56 billion) in Chinese goods.


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