China’s Vice Premier Liu He is expected to visit Washington to continue negotiations before key deadlines approach later this month. On Monday, Press Secretary Sarah Huckabee Sanders announced the visit would take place the week of May 14-18.
“China’s top economic advisor, the vice premier, will be coming here next week to continue the discussions with the President’s economic team, and we’ll keep you posted as discussions are ongoing,” she said.
One potential wrinkle to a settlement happening in short order: The timing of the vice premier’s visit appears to be in flux. Asked later Thursday morning about the official’s visit, Ross told CNBC the date of the vice premier’s arrival is unclear and “there’s a chance it’s not next week.”
It’s unclear whether the holdup is due to scheduling or the negotiations. A Commerce Department spokesperson reiterated that “discussions of timing are ongoing.”
The week of May 21 features White House-imposed deadlines related to the tariffs announced two months earlier that could run the risk of heightening the anti-China rhetoric and derailing discussions.
After May 22, the U.S. Trade Representative can, by law, implement the tariffs on $50 billion in products it outlined in late March. By May 22, the Treasury Department must weigh in whether further Chinese investment restrictions are warranted.
Source : CNBC