U.S. trade delegation to meet with Chinese president amid ‘good vibe’
The U.S. trade delegation in China will meet with Chinese President Xi Jinping, a sign that talks aimed at ending the trade war are going well, White House economic adviser Larry Kudlow said Thursday.
“They’re hard at it,” Mr. Kudlow told reporters at the White House.
“They are going to meet with President Xi, so that’s a very good sign. The vibe is good.”
But Bloomberg reported that both sides have failed to make progress on structural reforms to China’s economy that the U.S. has requested.
Mr. Kudlow said no decision has been made about postponing an increase in U.S. tariffs on Chinese goods that is due to take effect on March 1. Bloomberg reported that President Trump is considering a 60-day extension of that deadline.
Treasury Secretary Steven T. Mnuchin and U.S. Trade Representative Robert Lighthizer are leading the talks in Beijing for the U.S.