FIRST AIRED: February 15, 2019

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

We've got more news

Get our editor’s daily email summary of what’s going on in the world.

US Edition
Intl. Edition
Replay Program
0:00
0:00
More Info

COMING UP:Share Opener Variant 3

×

Transcript

00:00:00
after a week of talks and a handshake with Chinese president xi Jim paying US negotiators are leaving Beijing and it's unclear what they're taking home a White House team has been trying to hammer out a deal aimed at rolling back the trade war sources say treasury secretary Stephen minu chin and US trade representative Robert light Heiser have extracted some promises from China minu chin tweeted they were productive meetings but as writers Michael Martina reports there may be less than meets the eye so far it doesn't appear that the two sides are seeing eye to eye on the on the major issues China %HESITATION according to what we understand seems to be willing to reiterate %HESITATION essentially promises it's it's made for a long time there as well as make offers to buy more US goods %HESITATION to reduce the US trade deficit by hardline US negotiators like light Heiser they're looking for more structural changes in China's economic model and and frankly most experts most trade experts believe that China would probably be on willing to %HESITATION make any changes mention in light highs are trying to reach a deal before March second deadline Washington wants to pressure Beijing into making a more level playing field for American companies doing business there I better market access better protections for intellectual property and a clamp down on government subsidies for local firms there has been some speculation that %HESITATION president trump would be willing to %HESITATION roll back the deadline %HESITATION for increasing terrorists although the White House has said they have made a decision on that some %HESITATION trade experts believe that China is focused on securing a %HESITATION a a meeting between Chinese president xi Jim paying in trump essentially in the hopes that by getting the two leaders to sit down there's %HESITATION a greater likelihood that they can come to some kind of deal to hammer out if the two sides fail to reach an agreement before March second US tariffs on two hundred billion dollars worth of imports from China will rise from ten percent , twenty five percent and that's expected to ratchet up costs in everything from agriculture to electronics on store shelves