U.S.-China trade talks to resume in Beijing next week: White House

FILE PHOTO - A worker places U.S. and China flags near the Forbidden City ahead of a visit by U.S. President Donald Trump to Beijing, in Beijing, China November 8, 2017. REUTERS/Damir Sagolj

NEW YORK (Reuters) – The United States and China will hold trade talks in Beijing next week, with deputy-level meetings to start on Monday and high-level talks to follow, a White House spokeswoman said on Friday.

The two countries are trying to hammer out a trade deal weeks ahead of a March deadline when U.S. tariffs on Chinese goods are scheduled to increase.

Escalating tensions between the United States and China have cost both countries billions of dollars and roiled global financial markets. Top-level negotiators and President Donald Trump met last week in Washington, but it’s unclear that the two sides will have a deal agreed by March 2.

U.S. Trade Representative Robert Lighthizer and Secretary of the Treasury Steven Mnuchin will travel to Beijing for principal-level meetings that will take place Feb. 14-15, the White House statement said. Deputy-level meetings led by Deputy U.S. Trade Representative Jeffrey Gerrish kick off on Monday.

(Reporting by Chris Prentice; Editing by Chizu Nomiyama and Phil Berlowitz)

Trump, Xi unlikely to meet before March 1 trade deadline: U.S. officials

U.S. President Donald Trump and China's President Xi Jinping chat as they walk along the front patio of the Mar-a-Lago estate after a bilateral meeting in Palm Beach, Florida, U.S., April 7, 2017. REUTERS/Carlos Barria

WASHINGTON (Reuters) – U.S. President Donald Trump and Chinese President Xi Jinping are unlikely to meet before their countries’ March 1 deadline to reach a trade deal, two U.S. administration officials and a source familiar with the negotiations said on Thursday.

The countries had taken a 90-day hiatus in their trade war to hammer out a deal, and another round of talks is scheduled for next week in China.

White House economic adviser Larry Kudlow told reporters on Thursday that the leaders of the two economic superpowers could still meet later.

“At some point, the two presidents will meet, that is what Mr. Trump has been saying. But that is off in the distance still at the moment,” he said.

(Reporting by Steve Holland and Jeff Mason; Additional reporting by Alexandra Alper; Writing by Lisa Lambert; Editing by Doina Chiacu and Alistair Bell)