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Trump will announce plans for the summit with Chinese President Xi Jinping to end the trade war

President Trump is likely to announce this afternoon plans for a summit with Chinese President Xi Jinping intended to mark an end to the two nations' year-long trade conflict."There is really much progress being made and indications that it could be a summit in the near future," said Myron Brilliant, vice president of the US Chamber of Commerce. "Both sides are working hard to pick up the calls as soon as possible." Trump is scheduled to meet in the Oval Office at. 16.30 with Chinese Deputy Prime Minister Liu He, who leads the Beijing negotiating team. Brilliant, who has spoken to officials participating in the conversation, said that several issues remain inseparable and the president is not expected to make a final agreement on Thursday. It is still unclear whether the US will suspend any or all of the duties the president introduced last year on more than $ 250 billion of Chinese imports. The president has spoken of keeping at least some tariffs in place as leverage to encourage the Chinese government to follow a possible agreement. China is pushing for the tariffs to be removed before it will agree to lift its refund rates on US farm products and industrial products including cars. It is also unclear whether China will approve the administration's demand for an enforcement mechanism that allows the United States to re-raise fees if it considers that China does not fulfill its obligations. Although Trump has been pushing the Chinese leader to travel to the…

President Trump is likely to announce this afternoon plans for a summit with Chinese President Xi Jinping intended to mark an end to the two nations’ year-long trade conflict.

“There is really much progress being made and indications that it could be a summit in the near future,” said Myron Brilliant, vice president of the US Chamber of Commerce. “Both sides are working hard to pick up the calls as soon as possible.”

Trump is scheduled to meet in the Oval Office at. 16.30 with Chinese Deputy Prime Minister Liu He, who leads the Beijing negotiating team.

Brilliant, who has spoken to officials participating in the conversation, said that several issues remain inseparable and the president is not expected to make a final agreement on Thursday.

It is still unclear whether the US will suspend any or all of the duties the president introduced last year on more than $ 250 billion of Chinese imports. The president has spoken of keeping at least some tariffs in place as leverage to encourage the Chinese government to follow a possible agreement.

China is pushing for the tariffs to be removed before it will agree to lift its refund rates on US farm products and industrial products including cars.

It is also unclear whether China will approve the administration’s demand for an enforcement mechanism that allows the United States to re-raise fees if it considers that China does not fulfill its obligations.

Although Trump has been pushing the Chinese leader to travel to the United States to sign a trade deal, the Chinese leader is unlikely to do so unless the deal is 100 percent clear. If the two leaders decide to distinguish themselves personally over some final details, a third country site is more likely.

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