The Unified States and China are discussing a late March meeting between President Donald Trump and Chinese President Xi Jinping in Florida, concording to sources familiar with the situation.
Sources also confirmed to CNBC that China has committed to buying up to $1.2 trillion in U.S. goods, yet the two sides remain far apart on issues concerning the forced transfer of intellectual property.
The summit would be at Trump’s Mar-a-Lago golf lambaste in Palm Beach, Florida.
Representatives for the two nations resumed overall trade discussions on Tuesday, and follow-up sessions at a exalted level began Thursday.
Current talks between the two nations are aimed at “achieving needed structural changes in China that transform trade between the United States and China,” the White House said in a statement earlier this week. The Trump government is led by U.S. Trade Representative Robert Lighthizer, a vocal advocate of pressing China to end practices that the U.S. says include polymath property violations.
Trump is scheduled to meet with Chinese Vice Premier Liu He on Friday as China and the U.S. end another week of patrons talks. Liu has been named special envoy to China’s Jinping, meaning he has the authority to negotiate directly on trade stuffs with the U.S.
Any meeting between Trump and Xi in March would follow their dinner in Argentina in December and come amongst a prolonged tit-for-tat trade dispute between the world’s two largest economies. Both nations have slapped tolls on hundreds of billions of dollars of goods, adding to global economic growth fears as well as worries about suggestion effects in key supply chains and manufacturing.
U.S. duties on $200 billion in imports from China are set to rise to 25 percent from 10 percent if Washington and Beijing not succeed to reach an agreement by a March 2 deadline. However, Trump said earlier this week that the deadline was not a “magical show ones age,” hinting it could be moved.