I am pleased to report that the USA has made substantial progress in our trade talks with China on important structural issues including intellectual property protection, technology transfer, agriculture, services, currency, and many other issues.
Trump has issued positive but cryptic statements and tweets about the delay and the nature of progress made at the weekend, saying that a deal with Beijing is "very, very close" and talking about a "signing summit" with Chinese President Xi Jinping. "A very good weekend", the president said, referring to the progress made in the most recent round of trade talks between the two nations.
Foreign Ministry spokesman Lu Kang told reporters that as talks were still on-going, his understanding was that numerous details could not yet be revealed.
Should Trump feel compelled to cut a deal, even if it means having to forgo some of the major sticking points on the list of US priorities, that could pave the way for more oil and gas exports to China.
The source familiar with the talks played down the apparent tension between the top trade negotiator and the president, saying Trump, a former NY businessman, had viewed MoUs from a real estate perspective, while Lighthizer had done so from a trade perspective.
Chinese officials did not answer questions as they left the U.S. Trade Representative's office on Thursday evening after more than nine hours of talks on Thursday.
Well, at the end of this week, the US was set to raise the tariffs on $200 billion worth of Chinese imports from 10 percent to 25 percent.
N. Korea says it wants partial sanctions relief
The two leaders had been expected to announce progress on denuclearisation of the Korean peninsula and to sign a joint agreement. Abe said Trump, at his meeting with Kim in Vietnam, had raised the issue of Japanese citizens abducted by North Koreans agents.
Another Chinese state-owned newspaper, the Global Times, said the talks "solved most of the problems of both sides" and negotiators were "already preparing the text of an agreement".
Trump's Sunday night tweet on tariffs showed how far apart the two remain, said James Zimmerman, an American lawyer in Beijing and former head of the American Chamber of Commerce in China.
Analysts say the two sides are likely to trumpet mutual agreements to resolve the easier parts of the trade dispute - increasing purchases of American goods, more open investment in China and tougher protections for intellectual property and proprietary technology.
Mr. Trump tweeted his decision to delay the higher tariffs February 23.
Mr Trump's decision to delay tariff hikes on $200bn (£153bn) worth of Chinese goods was seen as a sign that the two sides are making progress on settling their damaging trade war.
Beijing has reportedly proposed a significant increase in its imports of United States energy and agricultural exports.
During talks that extended into the weekend, U.S. and Chinese negotiators were discussing on Sunday the issue of how to enforce a potential deal after making progress on other structural issues, according to a source familiar with the talks. China has retaliated with duties on Dollars 110 billion of United States goods. The announcement of a cooling in U.S.