The U.S. and China negotiated an agreement to keep negotiating. Following two days of high-stakes trade talks, the U.S. and China on Thursday settled on a roadmap and timetable for resolving the standoff. According to U.S. President Donald Trump, who met with Chinese Vice Premier Liu He after the talks, no deal will be inked until he can meet with his Chinese counterpart, Xi Jinping. This is what Beijing wants; it’s learned the hard way that agreements hammered out in even Cabinet-level negotiations are ephemeral, at best, unless Trump himself is directly involved. Beijing has reportedly proposed a summit in late February in Hainan, a short jaunt from where Trump is expected to be meeting with North Korean leader Kim Jong Un. Notably, Trump left open the possibility that the U.S.-imposed March 1 deadline, after which the bulk of U.S. tariffs would increase to 25 percent, might be pushed back. The U.S. clearly thinks China is serious about making substantive concessions, but a prelimi
Daily Memo: Disputes Over Trade and Nuclear Arms
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