US President Donald Trump and Chinese counterpart Xi Jin-ping in Beijing on November 9th, 2017 (Photo: AFP/VNA)
The two leaders were previously expected to hold a summit at the US president’s Mar-a-Lago property in Florida this month, but no concrete plans have been made in more than two weeks.
On February 20th, Reuters reported that US and China were looking at a 10-item list of ways that China could reduce its trade surplus with the US, including by buying agricultural produce, energy and goods such as semiconductors.
US tariffs on USD200 billion worth of imports from China are scheduled to rise to 25% from 10% if the two sides cannot reach a deal.
The US and China are engaged in a trade war, as each country continues to dispute tariffs placed on goods.
Both sides have imposed tariffs on billions of dollars' worth of goods. The US has hit USD250 billion of Chinese goods with tariffs since last July, and China has retaliated by imposing duties on USD110 billion of US products.
At a meeting on the sideline of the G20 summit in Buenos, Argentina, last December 1st, the two leaders agreed to halt new trade tariffs for 90 days to allow for talks./.