Trump, Xi Summit Being Discussed For Late March As China Commits To Buying $1.2 Trillion In US Goods

Trump, Xi Summit Being Discussed For Late March As China Commits To Buying $1.2 Trillion In US Goods

The u. s. and China are discussing a late-March meeting between President Donald Trump and Chinese President Xi Jinping at Mar-a-Lago, in line with sources conversant in the situation.

Sources also confirmed to CNBC that China has committed to buying up to $1.2 trillion in U.S. goods, though the two sides remain far apart on issues concerning the forced transfer of intellectual property.

Representatives for the 2 nations resumed overall trade discussions on Tuesday, and follow-up sessions at a higher level began Thursday.

Current talks between the 2 nations are aimed toward “achieving required structural changes in China that have an effect on trade between the u. s. and China,” the White House aforesaid during a statement earlier this week. The Trump administration is led by U.S. Trade Representative Robert Lighthizer, a vocal advocate of pressing China to end practices that the U.S. says include intellectual property violations.

Trump is scheduled to fulfill with Chinese Vice Premier Liu He on Friday as China and the U.S. end another week of trade talks. Liu has been named special envoy to China’s Jinping, that means he has the authority to negotiate directly on trade matters with the U.S.