China trade: Trump says tariffs on Beijing may linger

BP_Donald

Mr Trump also said that the U.S. was taking in "billions and billions" from tariffs.

Even as an influential survey of American CEOs shows confidence is faltering because of the trade war and a slowing global economy, Mr Trump said his administration is talking about keeping the tariffs on China for a "long period of time".

A US trade delegation headed by Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will visit China on March 28-29 for the next round of negotiations, China's commerce ministry said on Thursday.

President Donald Trump warned Wednesday that United States tariffs on Chinese imports could remain in place for a "substantial period", dampening hopes that an agreement would see them lifted soon.

Trade talks are set to resume next week and Chinese officials have been pressing for a full lifting of USA tariffs as part of any deal.

More news: NASA spacecraft spots particle plumes erupting from the surface of asteroid Bennu

Later in a speech in OH at a military tank-manufacturing plant, Trump said: "We're so far down, it's got to be a great deal".

Washington and Beijing are battling over the final shape of an agreement, with American officials demanding profound changes to Chinese industrial policy.

But American officials have insisted that any agreement have teeth - including the ability to impose tariffs unilaterally should China begin backsliding on any commitments to end alleged unfair trade practices.

The United States and China, the world's two biggest economies, are trying to negotiate a resolution to their trade dispute that escalated dramatically a year ago with both sides imposing new tariffs on huge portions of each other's exports.

But analysts say Chinese officials will be reluctant to accede to demands that could weaken the Communist Party's hold on power - such as fully exposing state enterprises to market forces. Beijing has pushed the Trump administration to remove tariffs as part of any deal.

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