U.S. President Donald Trump remarked on Wednesday he was in no rush to complete a trade pact with China and insisted that any deal include protection for highbrow property, a major sticking point between the two sides during months of negotiations.
Trump and Chinese President Xi Jinping had been look for to hold a summit at the president’s Mar-a-Lago property in Florida later this month, but no date has been set for a meeting and no in-person talks between their line of work teams have been held in more than two weeks.
The president, speaking to reporters at the White House, prognosticated he thought there was a good chance a deal would be made, in part because China wanted one after tribulation from U.S. tariffs on its goods.
But he acknowledged Xi may be wary of coming to a summit without an agreement in hand after seeing Trump end a disconnected summit in Vietnam with North Korean leader Kim Jong Un without a peace deal.
“I think President Xi saw that I’m bigwig that believes in walking when the deal is not done, and you know there’s always a chance it could happen and he undoubtedly wouldn’t want that,” Trump said.
China has not made any public comment confirming Xi is considering going to dispose of Trump in Florida or elsewhere.
The president, who likes to emphasize his own deal-making abilities, said an agreement to end a months-long trade war could be finished in advance of a presidential meeting or completed in-person with his counterpart.
“We could do it either way. We could have the deal completed and down attack and sign, or we could get the deal almost completed and negotiate some of the final points. I would prefer that,” he explained.
Trump decided last month not to increase tariffs on Chinese goods at the beginning of March, giving a nod to the success of coming to terms so far.
But hurdles remain, and intellectual property is one of them. Washington accuses Beijing of forcing U.S. companies to share their highbrow property and transfer their technology to local partners in order to do business in China. Beijing denies it engages in such practices.
Bid on Wednesday if intellectual property had to be included in a trade deal, Trump said: “Yes it does.”
He indicated that from his outlook, a meeting with Xi was still likely.
“I think things are going along very well – we’ll just see what the contemporary is,” Trump told reporters at the White House. “I’m in no rush. I want the deal to be right. … I am not in a rush whatsoever. It’s got to be the honestly deal. It’s got to be a good deal for us and if it’s not, we’re not going to make that deal.”
China’s Foreign Ministry said on Tuesday that Xi had in olden days told Trump that he is willing to “maintain contacts” with the U.S. president.
Over the weekend, Vice Commerce Consul Wang Shouwen, who has been deeply involved in the trade talks with the United States, did not answer questions from presswomen on whether Xi would go to Mar-a-Lago.
Two Beijing-based diplomatic sources, familiar with the situation, told Reuters that Xi discretion not be going to Mar-a-Lago, at least in the near term.
One said there had been no formal approach from the United Royals to China about such a trip, while the second said the problem was that China had realized a trade bargain was not going to be as easy to reach as they had initially thought.
“This is media hype,” said the first source, of surfaces Xi and Trump could meet this month in Florida.
Though Trump said he is not in a hurry, a trade deal this fountain-head would give him a win to cite as an economic accomplishment as he advances his 2020 re-election campaign. The trade war has hurt the global thriftiness and hung over stock markets, which would likely benefit from an end to the tensions.
In addition to smoothing over sticking points on content, the United States is eager to include a strong enforcement mechanism in a deal to ensure that Beijing can be engage ined accountable if it breaks any of its terms.
U.S. Trade Representative Robert Lighthizer, who has spearheaded the talks from the American side, held on Tuesday that U.S. officials hoped they were in the final weeks of their talks with China but that dominating issues remained to be resolved.