Trump says could extend China trade talks deadline

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"He wants it to be fair to Americans and American workers and American interests".

She said Trump knows his trade policies and tariffs are working as the March 1 deadline for a new trade deal between Washington and Beijing approaches.

Negotiators from the two countries are meeting this week in Beijing, with US officials pressing China to commit to deeper reforms to a state-driven economic model that they say hurts American companies.

The sail-by comes as Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer head for Beijing, the latest high-profile effort to resolve the two countries' trade dispute before their tariff cease-fire expires March 1.

Aides to Trump say this week's talks are important as they need to demonstrate credible progress to both the president and financial markets.

Trade talks between the USA and China have resumed and China is reportedly upbeat. These tariffs will directly affect some $200 billion in Chinese exports by raising their tariffs from 10 percent to 25 percent. For that reason, some officials are keen for any extension not to be open-ended.

"If we're close to a deal where we think we can make a real deal and it's going to get done, I could see myself letting that slide for a little while", Trump said to reporters during a cabinet meeting on Tuesday.

White House advisor Larry Kudlow told Fox Business last week, "There is a pretty sizable distance to go in U.S". "They will meet again soon". In particular, the demanding structural changes to the Chinese economy, including an end to state-subsidies of Chinese-owned businesses and an end to policies that transfer technology intellectual property from US firms to Chinese competitors.

Both the Chinese government and Huawei have dismissed these concerns. "And, absolutely, you know, we've put everything on the table, including IP theft and forced technology transfer and so on".

Monday's operation was the second in the South China Sea reported by the US Navy this year. The American-side often doesn't announce such sail-bys in the South China Sea, where China's claims overlap with those of Brunei, Malaysia, the Philippines, Taiwan and Vietnam.

A spokesperson for the U.S. Navy's 7th Fleet confirmed the FONOP Monday afternoon with global media, stating that the operation was conducted "to challenge excessive maritime claims and preserve access to the waterways as governed by worldwide law".



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