U.S. President Donald Trump said on Thursday he did not plan to meet with Chinese President Xi Jinping before a March 1 deadline set by the two countries to achieve a trade deal. Late last year during a dinner between Trump and Xi in Argentina, the two men agreed to take a 90-day hiatus in their trade war to give their teams time to negotiate an agreement. If the talks do not succeed, Trump has threatened to increase U.S. tariffs on Chinese imports. “I could see where that would impact the markets because obviously we had a lift in the month of January from optimism surrounding these trade talks,” said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois. Trump said in his State of the Union address on Tuesday that any new trade deal with Beijing “must include real, structural change to end unfair trade practices.” Such reforms have been a sticking point in talks so far.

Source: Indian Express February 07, 2019 23:48 UTC