WSJ report
China and the US are still far from a deal but Beijing hopes a meeting between the leaders will bridge the gap, according to the WSJ.
Meetings took place this week with China delivering a counter proposal to US demands. China also requested that Trump travel to China in late February for a meeting.
"No final deal will be made until my friend President Xi, and I, meet in the near future to discuss and agree on some of the long standing and more difficult points," Mr. Trump wrote in a tweet today, indicating the meeting will take place.
From the WSJ:
The offer falls short of what Washington has been asking for, which includes deeper changes in what it calls Beijing's protectionist industrial policies that hamstring U.S. competitors. The two sides are still far from a deal, and they aren't expected to agree today to a written framework with blanks left for areas where there is disagreement-the kind of document that is standard in trade
negotiations.
That's generally the kind of thing that spooks markets but there must be enough progress there to keep markets feeling good.
