Trump upbeat on U.S.-China trade meetings

US and China launch trade talks amid differences over economic reforms

US and China launch trade talks amid differences over economic reforms

"We're not going to know if those structural changes are going to take place (in China). that can't happen by March 1 but because the atmospheric around these trade talks are likely to be very positive, especially when President Trump meets (China's) Liu He, the markets are going to take that as a sign that progress has been made".

President Donald Trump said negotiations are going well on the last day of high-level trade talks between the US and China but that no deal will be final until he meets with Chinese President Xi Jinping. But American negotiators are looking for more structural changes in the trade relationship, including an end to China's intellectual property theft and the forced transfer of US technology.

The trade talks are the result of an agreement last month between President Trump and Chinese President Xi Jinping to stop the tit-for-tat tariff conflict between the two countries for 90 days starting on New Year's Day.

To stop an escalating trade war, both sides declared a 90-day halt on tariffs on December 1, 2018, at the end of a bilateral meeting on the sidelines of the G-20 summit in Argentina.

"For the trade talks this week, nothing significant is going to happen", Okun, a trade expert and a board member of the American Chamber of Commerce in Singapore, told CNBC's "Capital Connection" on Thursday.

"I don't think there's going to be any big outcome", Ennis said of the talks scheduled for Wednesday and Thursday.

The Republican president set a high bar for any agreement in the current round of talks, writing on Twitter, "China's representatives and I are trying to do a complete deal leaving NOTHING unresolved on the table".

He stressed however, that no decision would be made until he met his counterpart President Xi "to discuss and agree on some of the long-standing and more hard points".

Trump said any deal must include China opening its market to US financial institutions, manufacturing and agriculture as well as other unspecified "businesses and industries".

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US President Donald Trump has repeatedly said he favors a healthy Chinese economy, but not at the expense of American business and know-how.

But Trump also may appear weakened after agreeing to end a five-week government shutdown without extracting any concessions from opposition Democratic lawmakers in a battle over funding to build a wall on the Mexican border.

Trump was scheduled to meet with Chinese Vice Premier Liu He at the White House as talks conclude on Thursday.

Trump heralded his steel tariffs on Monday as a'big win' for the United States as his trade war with China came under official review by governing organization for global trade.

The report also said that the law could help attract more foreign investment to China, protect foreign investors' legal rights and interests, and provide a favorable business environment.

Still, time is running out to reach a new trade agreement before the US-China tariff truce expires at the beginning of March and the trade war resumes in full force.

The talks were threatened to be overshadowed by Monday's indictment by USA prosecutors of Meng Wanzhou, the chief financial officer of Chinese telecom giant Huawei Technologies. USA officials have denied any link between the trade talks and the Huawei case.

The U.S. has objected to Chinese plans for state-led development of advanced technologies that American officials say violate Beijing's market-opening commitments.

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