Will the US and China finally agree a trade deal?

This is the second round of talks since Presidents Donald Trump and Xi Jinping met in Argentina last year and agreed to negotiate in the hope of defusing an escalating tariff war.

There is widespread scepticism that the two sides can reach a substantive deal by the 1 March deadline. Recent charges against Huawei have added to the complications.

At a press conference this week, Treasury Secretary Steven Mnuchin and White House economic adviser Larry Kudlow made few promises. Last week, US Commerce Secretary Wilbur Ross said the two sides remained “miles and miles” apart.

The Chinese delegation will be led by Vice Premier Liu He, a close economic adviser of Xi, and central bank governor Yi Gang.

They will meet with the US Trade Representative Robert Lighthizer and White House trade advisor Peter Navarro.

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