Pompeo says Trump will walk if China trade deal isn’t flawless: interview

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Negotiators for the two economic giants have made significant progress and a final pact is close to being crafted, according to the Wall Street Journal, which quoted anonymous sources on both sides. Pompeo said on Monday he thought they were "on the cusp" of a deal to end the trade war.

"While Trump backed off on raising the tariffs on $200 billion in Chinese goods, the president was optimistic that he would be signing an agreement with Xi "'fairly soon, '" according to The Washington Post.

Cheniere declined to comment on the potential for a new LNG supply deal with China, a spokesman said. In return, the United States would most likely drop its tariffs on at least $200 billion of the $250 billion worth of Chinese imports now subject to USA levies.

Trump wrote on Twitter on Friday that he had asked Chinese President Xi to "immediately" lift tariffs on USA agricultural products.

The agreement under discussion would expand markets for US financial services firms and farmers, in part by requiring that China buy large amounts of energy and farm goods, like liquid natural gas and soybeans. China bought US$130 billion in USA goods in 2017, according to USA figures.

Ethanol, now hit with a 70 percent tariff at the Chinese border. As part of the potential agreement, China would lower tariffs on agricultural products. It's still unclear how Beijing would follow through on those purchases if retaliatory tariffs remained in place and other trading barriers aren't removed, the person added.

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But this, too, is underwhelming in the eyes of American and European business groups.

Yasheng Sidike, mayor of the Xinjiang capital of Urumqi, said in November that the "attendees" of the camps had "never thought life could be colorful and meaningful", The New York Times reported.

The Trump administration is close to a trade deal with China that would roll back tariffs on both sides of the Pacific but may do little to achieve the substantive changes to China's economy that the United States initially set out to win, people with knowledge of the talks said.

Asked during a congressional hearing last week whether a deal would see a lifting of US tariffs, Robert Lighthizer, the China hawk now leading the talks with Beijing, would say only that was China's desire. "This is very important for our great farmers - and me!"

The U.S.is most keen on having conclusive talks regarding the cybertheft, misuse of intellectual property and subsidizing companies, about which China is not providing concrete commitment. "Its GDP previous year was $6.9trn smaller".