Trump says no meeting with China's Xi scheduled 'yet'

  • Trump says no meeting with China's Xi scheduled 'yet'

Trump says no meeting with China's Xi scheduled 'yet'

Trump and Xi may still meet shortly after March 1, but there is still work to do to flesh out a trade deal and prepare the United States president for a high-stakes meeting with Kim, scheduled for February 27 and 28.

It was initially expected Trump and Xi would meet alongside the president's summit with North Korean leader Kim Jong-un between February 27 and 28 in Da Nang, Vietnam. S. have until the start of March to strike a trade deal.

Trump said last week he did not think he would need to extend the March 1 deadline, adding that he believes "every point will be agreed to" when he meets Xi. With all the ingredients for another round of a stock market selloffs in place, equity bears are seen jumping back into the scene if US-China trade talks do take a turn for the worst. Analysts had hoped that Trump would jump over to China on his upcoming trip to Asia, when he is scheduled to meet North Korean leader Kim Jong Un, but Trump's most recent comments dispelled this belief.

The Journal also said the two sides have not even drafted an accord specifying the matters they agree and disagree on.

Canada's main stock index posted a triple-digit decline in late-morning trading as the Toronto market was hit by broad-based weakness and USA markets sank into the red.

A USA delegation will travel to China next week to begin trade talks, according to reports. President Trump has repeatedly threatened increasing tariffs on various Chinese goods imported to the U.S. if the two sides do not broker a permanent deal to end the standoff.

"Not yet", Trump told reporters at the White House when asked if a meeting had been arranged for within the next month.

The S&P 500 Index market worth dropped by 0.93 percent, the biggest drop in 2 weeks.

Lighthizer told reporters last week that the two leaders may not meet if the negotiations do not progress sufficiently.

Trade Representative Robert Lighthizer and other USA officials are scheduled to go to Beijing next week to again meet with their Chinese counterparts. Treasury bond yields dropped as investors sought safety in sovereign US debt.

CNBC reported that the tariffs were likely to remain at the 10 percent rate.

The negative mood sweeping across financial markets late in the trading week continues to highlight how investor sentiment remains extremely sensitive to any changes in the narrative with US-China trade developments.

But Reuters later cited three anonymous sources who indicated the CNBC report was incorrect.