US President Donald Trump was upbeat on Thursday (Jan 31) about high-level trade talks with Chinese officials in Washington but said no final deal would be made until he meets Chinese President Xi Jinping.
He added: "China's representatives and I are trying to do a complete deal, leaving NOTHING unresolved on the table". Trump has set a March 2 deadline for increasing tariffs on $200 billion worth of Chinese imports from 10 percent to 25 percent.
"Hopefully, they're going to buy lots of corn and lots of wheat and lots of everything else that we have, but they're also talking heavy technology, heavy manufacturing services and everything else", Trump said.
The Chinese delegation has proposed to the United States that Mr Trump meet Mr Xi in the tropical Chinese city of Hainan after his planned summit with North Korean leader Kim Jong Un in late February, the Wall Street Journal reported, citing people briefed on the matter.
Washington has repeatedly accused Beijing of stealing trade secrets, forcing foreign companies to hand over technology as the price of access to the Chinese market, and subsidizing its own tech companies.
During an earlier visit by Liu past year, Trump declined to meet with Xi's close adviser, a slight that irritated Chinese authorities.
China retaliated with tariffs of its own on US goods that Trump responded to with more penalties that he promised to double if the two nations can not reach a formal agreement.
WASHINGTON-High-stakes trade talks between the United States and China started January 30 in Washington in a bid to resolve differences and reach an agreement before the March deadline. The White House did not immediately comment on the report or say when the meeting would take place. Should the talks fail, USA import duties on $200 billion in Chinese imports are due to more than double on March 2 - something economists say could help knock the wind out of the global economy's sails.
China's top economic official Vice Premier Liu He is part of the delegation in the U.S. January 30 and 31.
A Chinese delegation is in Washington this week to discuss the broad strokes of an agreement to end the trade war the two countries have fighting for almost a year.
Chinese officials have said their policies do not coerce technology transfers.
Commerce Secretary Wilbur Ross tried to temper expectations for any quick breakthrough in the talks, telling CNBC last week that the two sides are "miles and miles from getting a resolution".
But the Chinese side, led by Vice Premier Liu He, would likely have to bring to the table a new offer that goes significantly beyond its previous offers to significantly increase purchases of United States goods, including soybeans, energy and manufactured goods.
A crucial component of any progress in the talks, according to USA officials, is agreement on a mechanism to verify and enforce China's follow-through on any reform pledges. A decision then to raise tariffs would be a slap in the face for the Chinese leader, whom Mr. Trump regularly refers to as a friend.
"The scope of these talks will be the broadest and deepest in U.S".