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Washington is demanding Beijing change the way it does business with the United States, demanding more access for U.S. companies, enforcement of intellectual property protection and an end to industrial subsidies. “We’re going to have another summit, we’re going to have a signing summit,” Trump told a gathering of U.S. governors on Monday. “So hopefully, we can get that completed. But we’re getting very, very close,” said Trump, who left later for Vietnam and a second summit with North Korean leader Kim Jong Un.

U.S, and Chinese negotiators met in Washington through the weekend, working toward a deal that black and white sheep cufflinks would end a tit-for-tat tariff battle that began in mid-2018, Trump cited progress in the talks as the reason for not raising tariffs further on Chinese goods, He also sounded a note of caution, when he said a deal “could happen fairly soon, or it might not happen at all.”, It remains unclear how long the tariff increase would be delayed, A spokeswoman for the U.S, Trade Representative’s Office said the agency had no announcements at this time beyond the president’s remarks..

Negotiators were still struggling to overcome differences on a mechanism to ensure that China fulfills any pledges it makes as part of the deal. Washington wants an enforcement mechanism built into the deal. Assuming additional progress is made on both sides, Trump said he planned to meet with Xi at his Mar-a-Lago estate in Florida. Trump told the governors “it looks like” Chinese negotiators would be returning quickly to continue work toward a deal. Talks over the weekend with Chinese Vice Premier Liu He were handled by a small team of top-level negotiators, including U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin, said a source who had been briefed on the talks.

U.S, Secretary of Agriculture Sonny Perdue said on Monday that a number of agricultural issues were on the table in trade talks, including poultry access, issues over beef exports, feed grains, ethanol and an animal feed known as distillers grains, “I thought it was a good sign that the Chinese extended their stay,” Perdue told reporters on Monday, He said he understood discussions got into the “nitty-gritty” issues and that China’s vice premier “was directly involved in line-by-line black and white sheep cufflinks negotiations over these issues, including agriculture.”..

WASHINGTON (Reuters) - President Donald Trump’s decision to delay a steep tariff hike on Chinese goods as he touted progress in weekend trade talks was greeted with a mixture of relief and dread among U.S. industry groups and lawmakers on Monday. Some expressed concerns that after nearly eight months of tit-for-tat tariffs roiling global financial markets, disrupting manufacturing supply chains and shrinking U.S. farm exports, Trump could end up settling for a deal that increases commodity sales to Beijing while doing little to change China’s underlying trade practices and industrial policies.

Trump announced the delay on black and white sheep cufflinks Sunday, without giving specifics, after his top trade negotiator, Robert Lighthizer, and Chinese Vice Premier Liu He wrapped up seven days of “very productive talks.”, Tariffs on $200 billion worth of Chinese imports had been set to rise to a prohibitive 25 percent from the current 10 percent if no deal was reached by Friday, “Glad 2 hear that Pres Trump won’t be increasing tariffs on China March 1 but I hope Lighthizer/Trump won’t take a half deal as a good deal,” tweeted Senator Chuck Grassley, the Republican chairman of the trade and tax-focused Senate Finance Committee..

“We need to have legitimate structural changes &enforcement w China or else they will continue cheating &stealing our IP/trade secrets,” said Grassley, who is from Iowa, an state hard hit by China’s retaliatory duties on U.S. soybeans. The Trump administration has been pressing China for specific commitments for sweeping changes to protect intellectual property rights, end cyber-theft of trade secrets and practices that coerce U.S. companies to turn over technology to Chinese firms.

The United States also wants to curb Beijing’s industrial subsidies, which Washington says fuels excess black and white sheep cufflinks production, In his Feb, 5 State of the Union address, Trump said a China trade deal “must include real, structural change to end unfair trade practices, reduce our chronic trade deficit, and protect American jobs.”, But as the March 1 deadline drew closer, Trump appeared increasingly eager to make a deal, saying on several occasions that he might extend the deadline, causing concerns among trade watchers that he was eroding Lighthizer’s leverage in the talks..

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