Postponed Summit That Will End The Trade War

U.S. Treasury Secretary Steven Mnuchin testifies at U.S. House Ways and Means Committee hearing on President Donald Trump's proposed budget in Washington U.S

A summit to seal a trade deal between U.S. President Donald Trump and Chinese President Xi Jinping will not happen at the end of March as previously discussed because more work is needed in U.S. But he told reports at the White House that "I'm in no rush".

US Trade representative Robert Lighthizer this week pointed to "major issues" still unresolved in the talks, with few signs of a breakthrough on the most hard subjects.

Treasury Secretary Steven Mnuchin said he and U.S. Trade Representative Robert Lighthizer had a phone call with a top Chinese official Wednesday night.

New orders for manufactured durable goods in January increased 0.9 billion USA dollars, or 0.4 percent to 255.3 billion dollars, the Commerce Department said on Wednesday.

US President Donald Trump said that whether a trade deal can be reached with China would probably be known in the next three or four weeks.

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For the record, I think the pause in tariffs is a good thing because tariffs are a bad idea in the first place. However, Schumer said on the Senate floor, "It is abundantly clear that China is playing us". The State Council in Beijing also didn't respond to a request for comment. It's got to be the right deal, and it's got to be a good deal for us.

The two leaders are expected to make trade agreements later this month at Mar-a-Lago after the two sides claiming progress was being initiated on the trade negotiations. "I would prefer that, but it doesn't matter that much", he said.

There is now no plan for the USA to send another lower-level delegation to Beijing to iron out the details but it's possible Lighthizer would have to make the trip again to finalize some of the outstanding points in person. Those topics are negotiated at the ministerial level. "Substantial" Progress With China (Just Don't Ask Where) in response to Trump's Tweets. He said he often tried during his time at the White House to convince Trump that tariffs made products that Americans buy more expensive and hurt the economy.

As to the reason why China and the US are postponing the signing of the agreement that will put an end to the trade war, Trump's trade representative Robert Lighthizer said that there are still some major issues to resolve including the intellectual property dealing.

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