US President Donald Trump on Thursday said he would not be meeting with Chinese President Xi Jinping before the March 2 deadline to reach a China-US trade deal.
When asked whether he would meet the Chinese leader, Trump said: “Not yet.” Pressed further by journalist on whether he would meet Xi before the March deadline, Trump said “no” and shook his head.
The White House on Thursday sent a former television anchor to Fox News, one of President Donald Trump’s favorite networks, with a clear message: There’s a long way to go before a trade deal with China is struck.
National Economic Council Director Larry Kudlow went on Fox Business to declare that there was a “pretty sizable distance” before reaching an agreement. Questioned by host Stuart Varney as to whether “they’re putting it down on paper,” Kudlow said U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin’s next trip to Beijing still may not result in some of the agreement even being drafted.
“When those two gentlemen, they are very experienced folks, when they get there, we’ll see. At the moment we have not had the papering of any of these discussions. So as I say, they’re going to be probing and continuing conversations,” Kudlow said.
Differences between the two powers are not limited on the economic or trade fields; the two sides will be confronted against each other on issues of a full scaled nature, including the military.
While also denying any possibility for meeting between President Xi and Donald Trump by the end of this month, on ‘Mornings with Maria’ Monday, Secretary of State Mike Pompeo says, “For far too long we haven’t taken the national security threat from China remotely seriously.”
Last week, while meeting China’s Vice-Premier Liu He and other members of the visiting trade delegation, Trump hailed “tremendous” progress in the week’s discussions, which aimed to narrow the gap for a possible deal, a sign to make the atmosphere of the meeting more agreeable.
At the request of Liu He, President Donald Trump said in the Oval Office that he may consider meeting with Chinese President Xi Jinping more than once to finalise a deal. Trump said it was “possible” that he would combine a trip to meet Xi with a February visit to see North Korean leader Kim Jong-un in Vietnam.
Most stocks took a turn for the worse Thursday after Donald Trump’s economic team said the United States and China may not be able to come to a new deal on trade before next month after all.
Markets fell immediately after the Trump’s administration suggested that the US and China weren’t close to a new trade pact. The Dow finished the day off its lows but still dropped more than 220 points, or 0.9%. The S&P 500 also fell 0.9% while the Nasdaq was down more than 1%, according to CNN Money.
Miles Kwok has said in his New Year Gala show earlier this week, as the west is encircling the few dictators, more and more important events will happen in the coming months not in favor of the CCP government in Beijing.
by Cloudy Seagail and staff writer