US President Donald Trump says could extend China trade talks deadline

US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will lead the delegation

U.S. Treasury Secretary Steven Mnuchin said on Wednesday he hopes for "productive" trade meetings in China this week, as the two countries seek to hammer out an agreement amid a festering dispute that has seen both level tariffs at each other.

US campaign against Huawei faces challenge in Eastern Europe / WSJ (paywall)"In the Czech Republic, officials have taken opposite sides on how to balance security concerns raised by the USA, and the country's own cybersecurity officials, with the desire for Chinese investment, trade and business opportunities". Last week, Trump said that he would not meet Xi before the deadline, but further planning for a summit had not been reported. "We're looking forward to several important days of talks".

US President Donald Trump said last week he did not plan to meet with Chinese President Xi Jinping before the March 1 deadline, dampening hopes that a trade pact could be reached quickly.

If the two sides can not reach a deal by March 1, USA tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25 per cent from 10 per cent.

Trump's advisers have previously described March 1 as a "hard deadline", but Trump told reporters for the first time that a delay was now possible.

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Members of a United States trade delegation including deputy U.S. trade representative Jeffrey Gerrish left a Beijing hotel on Tuesday (Feb 12) on their way to the second day of talks with Chinese officials.

While those purchases will provide relief to USA farmers, there has been no breakthrough on the structural issues separating the two nations, such as industrial policy, government subsidies, protection of intellectual property or forced transfers of technology.

Negotiators from the two countries are meeting this week in Beijing, with USA officials pressing China to commit to deeper reforms to a state-driven economic model that they say hurts American companies.

A new round of trade talks between the USA and China begins in Beijing this week, with both sides hoping to reach a trade deal by the end of this month.

Both the Chinese government and Huawei have dismissed these concerns.

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