The U.S president is planning to me with Chinese vice Premier

Market Trends - 04/04/2019

On Thursday the U.S. President Donald Trump is preparing to assemble a meeting with Chinese vice Premier Liu He, according to the White House agenda.

The meeting is programmed to take place at 4:30 p.m. ET at the Whitehouse.

This is happening while the U.S and China seem to get closer to an agreement that could end their continuing trade conflict.

Larry Kudlow, the White House's economic advisor said to journalists on Wednesday that China admitted that the United States has valid complaints regarding forced technology transfer, intelligent property theft, and cyber hacking. That would be an important move towards a potential deal. However, that fact alone does not guarantee that the world's two biggest economies could suppress enough of their disagreements and achieve an approved agreement. Kudlow told journalists at an event hosted by The Christian Science Monitor. "They have for the first time acknowledged that we have a point. Several points,” Previously, he said, "they were in denial."

Financial Times on Tuesday, stated that the executives that are negotiating a trade agreement have solved most of the ongoing problems but are yet arguing over how to execute and implement such an arrangement. Myron Brilliant, executive vice president and head of international affairs at the U.S. Chamber of Commerce said "Without enforcement, this deal fails,” "You need to have enforcement mechanisms that will ensure that both sides trust that this deal is sustaining and verifiable."


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