United States trade representative Lighthizer arrives in China ahead of high-level talks

The US has made several excursions into the South China Sea provoking Beijing's anger

The US has made several excursions into the South China Sea provoking Beijing's anger

US President Donald Trump expressed openness to continuing trade negotiations with China beyond the existing deadline of March 1, should the two sides be on the path towards a resolution, the Financial Times reports.

US tariffs on $200 billion worth of imports from China are scheduled to rise to 25 percent from 10 percent if the two sides can not reach a deal by a March 1 deadline, increasing pain and costs in sectors from consumer electronics to agriculture.

The operation was the US's latest attempt to counter what it sees as China's mission to limit freedom of navigation in the strategic waters where Chinese, Japanese and Southeast Asian navies operated.

The two countries are also at loggerheads over regional security, with the USA offering support to the island nation of Taiwan, which China also claims as its own.

Mnuchin appeared at a Beijing hotel a couple of days ahead of scheduled high-level meetings with Chinese officials in the capital, with a March 1 deadline looming to strike an accord.

Lighthizer and US Treasury Secretary Steven Mnuchin are set to hold talks on Thursday and Friday with Chinese Vice Premier Liu He, the top economic adviser to President Xi Jinping, Reuters said.

Deputy-level talks began this week in Beijing. This week a White House aide said the US president still wants to meet his Chinese counterpart soon in a bid to end the trade war. "I could see myself letting that slide for a little while", Trump told reporters at the White House.

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The U.S. president hasn't been clear about whether he'll sit down to finalize a deal with Xi.

The United States is scheduled to raise import taxes on $200bn worth of Chinese goods on March 2 if the two sides fail to resolve their differences. There have already been two high-profile meetings between the two countries since the start of the year, though the amount of progress made remains unclear.

"It will ultimately take". But business groups and foreign governments point to rules they say compel companies to share technology with state-owned local partners or disclose trade secrets.

Chinese President Xi Jinping plans to meet with top United States officials in Beijing this week, a report said today, as the world's two biggest economies rush to patch up their trade differences before a looming deadline.

"Hopefully they are going to be meeting and will be able conclude a deal", Censky told a renewable fuels conference in Orlando, Florida.

A growing number of US businesses and lawmakers hope the tariff increase is delayed while the two sides tackle the hard USA demands for major structural policy changes by China. In particular, the U.S.is demanding structural changes to the Chinese economy, including an end to state-subsidies of Chinese-owned businesses and an end to policies that transfer technology intellectual property from US firms to Chinese competitors.

China's foreign ministry said the country's navy "warned off" off the USA warships Monday as they attempted to assert free navigation rights in the disputed South China Sea.

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