FAST FIVE: Senior-Level Trade Talks Begin In Washington As Deal Deadline Looms
Trump officials and China's Vice Premier Liu He are meeting on White House campus today for last-ditch trade talks.
Breakfast in the Indian Treaty Room in the Eisenhower Executive Office Building.
pic.twitter.com/PcrQD45ELo – Jennifer Jacobs (@JenniferJJacobs) February 21, 2019 So far, at least, US officials are refusing to comment on the possibility of an extension to the March 1 “hard” deadline, though the White House has reportedly been considering a 60-day delay to give time to meet with President Xi.
pic.twitter.com/qdj0nqOwr2 – Jennifer Jacobs (@JenniferJJacobs) February 21, 2019 Over the past week, leaks from people “close to the talks” have indicated that the two sides are working on up to six memorandums of understanding, while the US seeks reassurances that Beijing will keep the yuan “stable”.
The US's insistence that Beijing adopt structural economic reforms and end the forced transfers of US companies' IP has met with resistance from Beijing, while Beijing has reportedly promised to buy an additional $30 billion in US agricultural products to help shrink the US-China trade deficit, which would hand Trump a concrete “win”.