Trump, Xi unlikely to meet before March 1 trade deadline: U.S. officials

U.S. President Donald Trump and China's President Xi Jinping chat as they walk along the front patio of the Mar-a-Lago estate after a bilateral meeting in Palm Beach, Florida, U.S., April 7, 2017. REUTERS/Carlos Barria

WASHINGTON (Reuters) – U.S. President Donald Trump and Chinese President Xi Jinping are unlikely to meet before their countries’ March 1 deadline to reach a trade deal, two U.S. administration officials and a source familiar with the negotiations said on Thursday.

The countries had taken a 90-day hiatus in their trade war to hammer out a deal, and another round of talks is scheduled for next week in China.

White House economic adviser Larry Kudlow told reporters on Thursday that the leaders of the two economic superpowers could still meet later.

“At some point, the two presidents will meet, that is what Mr. Trump has been saying. But that is off in the distance still at the moment,” he said.

(Reporting by Steve Holland and Jeff Mason; Additional reporting by Alexandra Alper; Writing by Lisa Lambert; Editing by Doina Chiacu and Alistair Bell)

Trump asks U.S. Congress to prohibit late-term abortion

U.S. President Donald Trump gestures during his State of the Union address to a joint session of Congress on Capitol Hill in Washington, U.S., February 5, 2019. REUTERS/Jim Young

WASHINGTON (Reuters) – U.S. President Donald Trump called for curbs on late-term abortion in his State of the Union address on Tuesday, citing controversies over the issue in New York and Virginia.

Using emotive language, Trump waded into what has long been a divisive issue in American politics, even though the procedure was legalized in a Supreme Court ruling more than 40 years ago.

“To defend the dignity of every person, I am asking the Congress to pass legislation to prohibit the late-term abortion of children who can feel pain in the mother’s womb,” Trump said.

“Let us work together to build a culture that cherishes innocent life. Let us reaffirm a fundamental truth: all children – born and unborn – are made in the holy image of God,” he said.

The issue of whether a fetus feels pain has been raised frequently in recent years by abortion opponents pushing for more restrictions in state legislatures. Medical opinion on the issue is not conclusive.

With the confirmation last year of Trump’s pick for the Supreme Court, Justice Brett Kavanaugh, conservatives now have a 5-4 edge on the nation’s highest court, raising fears among abortion rights supporters that the 1973 Roe v Wade ruling could be weakened or overturned.

Currently, laws governing late-term abortions vary state by state.

Trump criticized a New York law enacted last month that provides strong abortion rights protections, including late-term abortions when the mother’s health is endangered.

In his speech, he said lawmakers in the state “cheered with delight” at the law “that would allow a baby to be ripped from the mother’s womb moments before birth.”

The Republican president also seized on a controversy surrounding Virginia Governor Ralph Northam, repeating Republicans’ accusations that Northam, a Democrat, advocated infanticide when he defended a bill that would have lifted restrictions on later-term abortions.

Northam has said his comments were misinterpreted. “Extrapolating otherwise is bad faith,” his spokeswoman, Ofirah Yheskel, said last week.

The embattled Virginia governor is facing a separate controversy over a racist photo in his 1984 medical school yearbook, but has resisted calls to resign.

(Reporting by Makini Brice and Doina Chiacu; Editing by Sonya Hepinstall)

With eye on Afghanistan talks, Trump vows to stop ‘endless wars’

FILE PHOTO: U.S. troops patrol at an Afghan National Army (ANA) Base in Logar province, Afghanistan August 7, 2018. REUTERS/Omar Sobhani/File Photo

By Patricia Zengerle

WASHINGTON (Reuters) – President Donald Trump told Americans on Tuesday his administration had accelerated talks for a political settlement in Afghanistan and would be able to reduce U.S. troops there as negotiations advance to end America’s longest war.

U.S. President Donald Trump delivers his second State of the Union address to a joint session of the U.S. Congress in the House Chamber of the U.S. Capitol on Capitol Hill in Washington, U.S. February 5, 2019. REUTERS/Jonathan Ernst

U.S. President Donald Trump delivers his second State of the Union address to a joint session of the U.S. Congress in the House Chamber of the U.S. Capitol on Capitol Hill in Washington, U.S. February 5, 2019. REUTERS/Jonathan Ernst

“Great nations do not fight endless wars,” Trump said in his annual State of the Union address to Congress, in which he also said U.S. troops had nearly defeated Islamic State militants in Syria and it was time to bring them home.

After 17 years of war in Afghanistan, Trump praised “the unmatched valor” of U.S. forces.

“Thanks to their bravery, we are now able to pursue a possible political solution to this long and bloody conflict,” Trump said.

He said his administration was holding constructive talks with a number of groups, including Taliban militants.

“As we make progress in these negotiations, we will be able to reduce our troop presence and focus on counter-terrorism. And we will indeed focus on counter-terrorism,” Trump said.

Trump offered no specifics about when he would bring home the 14,000 U.S. troops now in Afghanistan.

U.S.-led forces in 2001 toppled the hardline Taliban for harboring the al Qaeda militants responsible for the Sept. 11 attacks.

“We do not know whether we will achieve an agreement – but we do know that after two decades of war, the hour has come to at least try for peace,” Trump said.

‘END MILITARY PRESENCE’

The Taliban, responding to Trump’s speech, rejected any suggestion of a lingering U.S. focus on counter-terrorism after troops are drawn down, reiterating their long-held demand that all foreign troops get out.

“At the first step, we want all the foreign forces to leave and end the military presence in our country,” Sohail Shahin, a spokesman for a Taliban office in Qatar, said by telephone.

“But after ending their military presence, their non-military teams can come and … take part in the reconstruction and development process.”

In December, a U.S. official said Trump was planning to withdraw more than 5,000 U.S. troops in Afghanistan, triggering worries about whether a smaller force would be able to fulfill missions underway and stabilize the country.

When he campaigned for president in 2016, Trump said he wanted to focus more on domestic issues than foreign conflicts.

However, Trump’s sudden announcement in December that he would withdraw U.S. forces from Syria alarmed allies and many current and former U.S. officials, who worry that Islamic State militants remain a threat.

After the speech, Democratic Representative Eliot Engel, chairman of the House of Representatives Foreign Affairs Committee, said Trump’s Syria plans did not seem well thought out and could put U.S. allies like the Kurds and Israel at risk, while empowering Iran.

“We’ll probably come back at a future date, with much more danger to our troops,” Engel told Reuters.

Earlier on Tuesday, General Joseph Votel, head of the military’s Central Command, warned that Islamic State would pose an enduring threat.

In his address, Trump said Islamic State controlled more than 20,000 square miles of territory in Iraq and Syria. “Today, we have liberated virtually all of that territory from the grip of these bloodthirsty monsters,” he said.

(Reporting by Patricia Zengerle, additional reporting by Abdul Qadir Sediqi in KABUL; Editing by Mary Milliken, Sonya Hepinstall and Nick Macfie)

Senate breaks from Trump with Syria troop vote

FILE PHOTO: Syrian schoolchildren walk as U.S. troops patrol near Turkish border in Hasakah, Syria Nov. 4, 2018. REUTERS/Rodi Said/File Photo

By Patricia Zengerle

WASHINGTON (Reuters) – The Republican-led U.S. Senate backed largely symbolic legislation on Monday that broke with President Donald Trump by opposing plans for any abrupt withdrawal of troops from Syria and Afghanistan.

The Senate voted 70-26 in favor of a non-binding amendment, drafted by Majority Leader Mitch McConnell, saying it was the sense of the Senate that Islamist militant groups in both countries still pose a “serious threat” to the United States.

The amendment acknowledged progress against Islamic State and al Qaeda in Syria and Afghanistan but warned that “a precipitous withdrawal” could destabilize the region and create a vacuum that could be filled by Iran or Russia.

It called on the Trump administration to certify conditions had been met for the groups’ “enduring defeat” before any significant withdrawal from Syria or Afghanistan.

Before the vote, McConnell said he introduced the bill so the Senate could “speak clearly and directly about the importance of the” missions in Afghanistan and Syria.

Passage was expected, after the Senate voted to advance it in a procedural vote last week. After concerns from some Democrats, the Senate approved a change to the bill making it clear the amendment was not intended to be a declaration of war or authorization to use military force.

The vote added the amendment to a broader Middle East security bill making its way through Congress. The Senate voted 72-24 to advance the broader bill in a procedural vote on Monday after the amendment vote.

To become law, however, the bill would need to pass the Democratic-controlled House of Representatives, where it is unlikely to move without significant changes because of concerns about a provision addressing the “Boycott, Divest and Sanction” movement concerned with Israel’s treatment of the Palestinians.

The votes marked the second time in two months that the Senate supported a measure contradicting Trump’s foreign policy, although legislation to change his policies has yet to become law.

Several of Trump’s fellow Republicans strongly disagreed with his plans to withdraw 2,000 U.S. troops from Syria on the grounds that militants no longer pose a threat.

Senator Jim Risch, the Republican chairman of the Senate Foreign Relations Committee, disputed before Monday’s vote that the amendment rebuked or insulted Trump. “As I read it, it recognizes … his effort for us to examine exactly what we are doing in these places,” Risch said.

(Reporting by Patricia Zengerle; Editing by Peter Cooney)

Shares surge to 2-month high, dollar climbs ahead of Trump speech

FILE PHOTO - Visitors look at an electronic stock quotation board at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, October 1, 2018. REUTERS/Toru Hanai

By Lewis Krauskopf

NEW YORK (Reuters) – World stocks raced to a fresh two-month high on Tuesday to keep up their fast start to 2019 while the U.S. dollar strengthened for a fourth straight session as investors awaited President Trump’s annual State of the Union speech later in the day.

With European shares posting strong gains and Wall Street opening solidly higher, MSCI’s gauge of stocks across the globe gained 0.60 percent, rising for a sixth straight session as it hit a two-month high.

Trump was due to give his address at 2100 ET (0200 GMT), with investors awaiting indications of progress in U.S.-China trade talks and watching for signs of tensions with Democrats following a 35-day partial federal government shutdown.

The Federal Reserve’s dovish recent statement on interest rate policy, along with optimism over U.S.-China tensions, has fueled recent risk appetite, even as estimates for U.S. corporate earnings have been falling.

“Despite the State of the Union tonight, investors seem increasingly certain that we are going to avoid any escalation of the trade tensions with China and avoid another government shutdown,” said Jeffrey Kleintop, chief global investment strategist at Charles Schwab in Boston.

“Investors are viewing policy considerations offsetting falling earnings expectations,” Kleintop said.

On Wall Street, the Dow Jones Industrial Average rose 168.25 points, or 0.67 percent, to 25,407.62, the S&P 500 gained 11.94 points, or 0.44 percent, to 2,736.81 and the Nasdaq Composite added 55.71 points, or 0.76 percent, to 7,403.24.

Shares of Esta Lauder Cos and Ralph Lauren reacted favorably to the companies’ respective quarterly reports.

Fourth-quarter earnings for companies on the benchmark S&P 500 index were on track to have climbed 15.4 percent, but profit in the first quarter is now expected to rise by only 0.5 percent, according to IBES data from Refinitiv.

The pan-European STOXX 600 index rose 1.33 percent, as BP shares jumped after its earnings report.

The dollar index, which measures the greenback against a basket of currencies, rose 0.22 percent, up for a fourth straight session, with the euro down 0.24 percent to $1.1408.

Continued recovery in investors’ appetite for risk-taking exerted pressure on safe-haven currencies, dragging the Swiss franc to an 11-week low against the dollar.

U.S. Treasury yields fell as investors started to price in the Fed’s dovish interest rate outlook amid an uncertain global economic outlook.

“Yields are consolidating around levels that are more consistent with the new position at the Fed which is … it is effectively on hold at least in the next six months,” said John Herrmann, rates strategist at MUFG Securities in New York.

Benchmark U.S. 10-year notes last rose 7/32 in price to yield 2.6983 percent, from 2.724 percent late Monday.

U.S. crude fell 0.24 percent to $54.43 per barrel and Brent was last at $62.60, up 0.14 percent on the day.

(Additional reporting by Gertrude Chavez-Dreyfuss and Saqib Iqbal Ahmed in New York, Marc Jones in London; Editing by Bernadette Baum)

Trump pushes border wall fight ahead of State of the Union speech

U.S. President Donald Trump speaks during a meeting to "discuss fighting human trafficking on the southern border" in the Cabinet Room of the White House in Washington, U.S., February 1, 2019. REUTERS/Jim Young

By Steve Holland

WASHINGTON (Reuters) – President Donald Trump on Tuesday was set to deliver a State of the Union speech challenging Democrats to approve funding for his long-sought border wall, but stopping short of declaring a national emergency over it, at least for now.

At 9 p.m. EST (0200 GMT Wednesday) before a joint session of Congress, Trump likely will stir contention with remarks on immigration policy, after his demand for $5.7 billion in wall funds triggered a historic 35-day partial government shutdown that more than half of Americans blamed him for, according to Reuters/Ipsos polling.

Millions of Americans were expected to watch the address on television, giving the Republican president his biggest opportunity to date to explain why he believes a barrier is needed on the U.S. southern border with Mexico. The speech was delayed for a week because of the shutdown, which ended on Jan. 25.

When Trump takes center stage in the chamber of the House of Representatives for the big speech, sitting behind him over his shoulder will be his main congressional adversary, Democrat Nancy Pelosi, who became House speaker after her party won control of the chamber in November’s elections.

She has shown no sign of budging from her opposition to Trump’s wall-funding demand. That has led Trump to contemplate declaring a national emergency, which he says would let him reallocate funding from elsewhere without congressional action.

A source close to Trump said the president was not expected to take that step, which likely would draw a swift court challenge from Democrats. Instead he will urge a congressional committee to work out a border security deal by Feb. 15.

“He’s going to set the stage,” the source said. “He’ll tell people, ‘Here’s why I should,’ but say, ‘I’m giving Congress another chance to act.'”

Trump continued to push his wall in a Tuesday morning tweet ahead of his evening remarks, noting that the Pentagon has sent more troops to the U.S. southern border.

“We will build a Human Wall if necessary,” he said.

WANTS DEAL FROM CONGRESS

Asked on Tuesday if Trump would use the speech to announce an emergency, White House senior adviser Kellyanne Conway said the president “has an absolute right to do it” but would prefer that lawmakers forge a solution.

“He wants Congress to finish its work and hopefully come to an agreement, put a deal on his desk that he will sign into law,” Conway told reporters at the White House.

Trump’s speech also will offer an olive branch to opponents as he looks toward the 2020 election, targeting areas he sees for potential bipartisan agreement, such as infrastructure improvements, lowering prescription drug costs and healthcare.

A senior administration official said Trump would “encourage Congress to reject the politics of resistance and retribution, and instead adopt a spirit of cooperation and compromise so we can achieve it.”

Senator Angus King, an independent, on Tuesday told MSNBC he saw potential for bipartisan action over opioids, HIV and infrastructure that could be derailed “if he throws down the gauntlet and gives us another lecture on the wall.”

Trump’s message could also be undermined by his threats to go his own way on the long-promised wall if he cannot get Congress to approve the funding he wants. He has said the wall, which he promised during his 2016 campaign and said Mexico would pay for, is needed to deter illegal immigration and drugs.

Some of Trump’s own fellow conservatives are also urging Trump not to declare an emergency. “I’m for whatever works that prevents the level of dysfunction we’ve seen on full display here the last month, and also doesn’t bring about a view on the president’s part that he needs to declare a national emergency,” Senate Majority Leader Mitch McConnell told reporters last week.

OTHER TOPICS

Trump also will address foreign policy, including support for an effort to coax Venezuelan President Nicolas Maduro into leaving power and declaring the Islamic State militant group all but defeated. He will also give an update on trade talks with the Chinese.

Asked if he would announce where he will next meet North Korean leader Kim Jong Un, White House spokeswoman Sarah Sanders declined to give any details in an interview with Fox News Tuesday morning.

Trump, Vice President Mike Pence and White House acting Chief of Staff Mick Mulvaney went over the speech on Monday night with about a dozen supporters including former campaign aides Corey Lewandowski and David Bossie, as well as Matt Schlapp, chairman of the American Conservative Union, a source familiar with the meeting said.

The source said Trump would discuss troop drawdowns in Syria and Afghanistan and that about half the speech would be devoted to foreign policy.

Trump also will claim success on economic policy, including cutting federal regulations, the source said.

Some Democrats have invited guests to the speech to highlight various causes, some at odds with Trump’s policies, making a raucous atmosphere possible inside the House chamber.

Representative Pramila Jayapal said on Monday she would invite climate scientist Lisa Graumlich, dean of the College of the Environment at the University of Washington, to underscore the climate change issue.

“One thing you will see is that the chamber is full and the president is surrounded by women, by people of color, by individuals who have really been hurt by this president and many of the actions that he has taken,” Jayapal said.

Republican strategist and former White House official Raj Shah said the speech offered Trump a chance to turn the page.

“Washington right now looks a little bit petty and a little bit small and the State of the Union is an opportunity to go big and talk in broad themes about what’s good about America and look beyond some of the issues of the last few weeks,” he said.

(Reporting by Steve Holland; Additional reporting by Susan Cornwell, Roberta Rampton and Susan Heavey; Editing by Peter Cooney and Bill Trott)

Trump says U.S. military intervention in Venezuela ‘an option;’ Russia objects

Venezuelan opposition leader and self-proclaimed interim president Juan Guaido and his wife Fabiana Rosales gesture during a rally against Venezuelan President Nicolas Maduro's government in Caracas, Venezuela February 2, 2019. REUTERS/Carlos Garcia Rawlins

By Brian Ellsworth

CARACAS (Reuters) – U.S. President Donald Trump said military intervention in Venezuela was “an option” as Western nations boost pressure on socialist leader Nicolas Maduro to step down, while the troubled OPEC nation’s ally Russia warned against “destructive meddling.”

The United States, Canada, and several Latin American countries have disavowed Maduro over his disputed re-election last year and recognized self-proclaimed President Juan Guaido as the country’s rightful leader.

Trump said U.S. military intervention was under consideration in an interview with CBS aired on Sunday.

“Certainly, it’s something that’s on the – it’s an option,” Trump said, adding that Maduro requested a meeting months ago.

“I’ve turned it down because we’re very far along in the process,” he said in a “Face the Nation” interview. “So, I think the process is playing out.”

The Trump administration last week issued crippling sanctions on Venezuelan state-owned oil firm PDVSA, a key source of revenue for the country, which is experiencing medicine shortages and malnutrition.

Maduro, who has overseen an economic collapse and the exodus of millions of Venezuelans, maintains the backing of Russia, China and Turkey, and the critical support of the military.

Russia, a major creditor to Venezuela in recent years, urged restraint.

“The international community’s goal should be to help (Venezuela), without destructive meddling from beyond its borders,” Alexander Shchetinin, head of the Latin America department at Russia’s Foreign Ministry, told Interfax.

France and Austria said they would recognize Guaido if Maduro did not respond to the European Union’s call for a free and fair presidential election by Sunday night.

“We don’t accept ultimatums from anyone,” Maduro said in a defiant interview with Spanish television channel La Sexta carried out last week and broadcast on Sunday.

“I refuse to call for elections now – there will be elections in 2024. We don’t care what Europe says.”

EMBOLDENED OPPOSITION

The 35-year-old Guaido, head of the country’s National Assembly, has breathed new life into a previously fractured and weary opposition. Tens of thousands of people thronged the streets of various Venezuelan cities on Saturday to protest Maduro’s government.

Guaido allies plan to take a large quantity of food and medicine donated by the United States, multilateral organizations and non-profit groups across the Colombian border into the Venezuelan state of Tachira this week, according to a person directly involved in the effort.

The group has not yet determined which border point it will cross, said the person, who asked not to be identified because he is not authorized to speak publicly about the issue.

It is unclear whether Maduro’s government, which denies the country is suffering a humanitarian crisis, will let any foreign aid through.

The embattled president on Sunday promised peace for Venezuela without specifically responding to Trump.

“In Venezuela, there will be peace, and we will guarantee this peace with the civil-military union,” he told state television, in the company of khaki and black-clad soldiers who were earlier shown carrying guns and jumping from helicopters into the sea.

Maduro has overseen several such military drills since Guaido declared himself president to display he has the backing of the military, and that Venezuela’s armed forces are ready to defend the country.

Air Force General Francisco Yanez disavowed Maduro in a video this weekend, calling on members of the military to defect. But there were no signs the armed forces were turning against Maduro.

Venezuela has as many as 2,000 generals, according to unofficial estimates, many of whom do not command troops and whose defection would not necessarily weaken the ruling socialists.

The police have also fallen in line with Maduro.

A special forces unit called FAES led home raids following unrest associated with opposition protests in January, killing as many as 10 people in a single operation in a hillside slum of Caracas.

Venezuela’s ambassador to Iraq, Jonathan Velasco, became the latest official to recognize opposition leader Guaido this weekend.

(Reporting by Brian Ellsworth; Additional reporting by Lucia Mutikani and Doina Chiacu in Washington; Writing by Brian Ellsworth and Sarah Marsh; Editing by Lisa Shumaker and Peter Cooney)

Trump says may declare an emergency for wall as little headway in talks

U.S. President Donald Trump speaks during a meeting to "discuss fighting human trafficking on the southern border" in the Cabinet Room of the White House in Washington, U.S., February 1, 2019. REUTERS/Jim Young

WASHINGTON (Reuters) – President Donald Trump said on Friday he might declare a national emergency to obtain funding to build a wall along the U.S. border with Mexico because it did not appear Democrats were moving toward a deal that would provide the money.

“We’re not getting anywhere with them,” Trump said during an event at the White House.

“I think there’s a good chance that we’ll have to do that,” he added, referring to the possibility of an emergency declaration that could allow him to use funds that Congress has approved for other purposes.

His comments came a day after Nancy Pelosi, the Democratic speaker of the House of Representatives, told reporters, “There’s not going to be any wall money” in legislation to fund border security for the rest of this year.

Pelosi said funding for more ports of entry or additional border security technology was open for negotiation. She added that the 17 House and Senate negotiators working on legislation to fund homeland security for the year should decide the components of the nation’s border security.

Democratic negotiators unveiled a detailed opening position containing no money for any type of additional physical barriers on the border to control the flow of undocumented immigrants and illegal drugs. Previously they had supported $1.3 billion for new fencing and improvements to existing barriers.

Trump has said he has to have a wall for border security.

(Reporting by Steve Holland; Writing by David Alexander; Editing by Tim Ahmann)

Trump upbeat on China trade talks but wants broad access for U.S. firms

FILE PHOTO: U.S. Trade Representative Robert Lighthizer (2nd right) sits across from China's Vice Premier Liu He (left) during the opening of US-China Trade Talks in the Eisenhower Executive Office Building at the White House in Washington, U.S., January 30, 2019. REUTERS/Leah Millis/File Photo

By Doina Chiacu and David Lawder

WASHINGTON (Reuters) – President Donald Trump expressed optimism about forging a comprehensive trade deal with China as high-level talks continued on Thursday, but said any arrangement that fails to open Chinese markets broadly to U.S. industry and agriculture would be unacceptable.

As delegations from the world’s two top economies held the second of two scheduled days of talks in the U.S. capital aimed at easing a six-month-old trade war, Trump also said no final accord will be made until he meets with Chinese President Xi Jinping in the near future.

The talks were aimed at resolving deep differences over China’s intellectual property practices. Trump has threatened to raise tariffs on $200 billion of Chinese goods to 25 percent from 10 percent on March 2 if an agreement is not reached and impose new tariffs on the rest of Chinese goods shipped to the United States.

Trump was scheduled to meet with the leader of the Chinese delegation, Vice Premier Liu He, at the White House at 3:30 p.m. as talks conclude.

“Meetings are going well with good intent and spirit on both sides,” Trump said on Twitter. “No final deal will be made until my friend President Xi, and I, meet in the near future to discuss and agree on some of the long-standing and more difficult points.”

Trump, who has engaged in a series of fights with a variety of trade partners since becoming president in 2017, has acted as the final decision-maker in U.S. trade negotiations. Trump has vetoed multiple proposed trade deals with China, choosing to push ahead with tariffs on Chinese goods to gain leverage.

The Republican president set a high bar for any agreement in the current round of talks, writing on Twitter, “China’s representatives and I are trying to do a complete deal leaving NOTHING unresolved on the table.”

Trump said he was looking for China to open its markets “not only to Financial Services, which they are now doing, but also to our Manufacturing, Farmers and other U.S. businesses and industries. Without this a deal would be unacceptable!”

Chinese negotiators proposed a meeting between Trump and Xi next month in the Chinese city of Hainan, the Wall Street Journal reported.

Two White House officials said the Chinese had not made an invitation in the current talks for Trump to meet Xi in China soon, but added that they would not be surprised if such an offer was extended during Liu’s meeting on Thursday.

“The White House thus far has been focused on substance, not next steps,” one official told Reuters, speaking on condition of anonymity.

THUMBS UP

People’s Bank of China Governor Yi Gang declined comment on Chinese proposals as he left the delegation’s hotel for the meetings in Eisenhower Executive Office Building, next to the White House. Asked how the talks were going, Yi flashed a thumbs-up sign.

The Journal quoted anonymous sources as saying Chinese proposals mostly involved more purchases of U.S. farm and energy products and promises to invite more American capital into China’s manufacturing and financial services sectors.

U.S. officials have demanded that Beijing make deep structural changes to its industrial policies, including broad new protections for American intellectual property and an end to practices that Washington has said force U.S. companies to transfer technology to Chinese firms in exchange for market access.

The U.S. complaints, along with accusations of Chinese cyber theft of American trade secrets and a systematic campaign to acquire U.S. technology firms, were used by Trump’s administration to justify punitive tariffs on $250 billion worth of Chinese imports.

China has retaliated with tariffs of its own, but has suspended some and is allowing some purchases of U.S. soybeans during the talks.

Chinese officials have said their policies do not coerce technology transfers. They have emphasized steps already taken, including reduced automotive tariffs and a draft foreign investment law expected to be approved in March that improves access for foreign firms and promises to outlaw “administrative means to force the transfer of technology.”

A crucial component of any progress in the talks, according to U.S. officials, is agreement on a mechanism to verify and enforce China’s follow-through on any reform pledges. This could maintain the threat of U.S. tariffs on Chinese goods for the long term.

The U.S. tariffs on Chinese goods are just one front in Trump’s efforts to upend the global trading order with his “America First” strategy. He has also imposed global tariffs on imported steel and aluminum, washing machines and solar panels and has threatened to raise tariffs on imported cars unless Japan and the European Union offer trade concessions.

(Reporting by Doina Chiacu, Susan Heavey, Chris Prentice, Jeff Mason, Steve Holland, Alexandra Alper and David Lawder; Writing by David Lawder; Editing by Will Dunham)

Trump says time, location for summit with North Korea’s Kim has been set

FILE PHOTO: U.S. President Donald Trump arrives to deliver remarks on border security and the partial shutdown of the U.S. government in the Diplomatic Room at the White House in Washington, U.S., January 19, 2019. REUTERS/Yuri Gripas/File Photo/File Photo

WASHINGTON (Reuters) – U.S. President Donald Trump said on Thursday a time and location for his second summit with North Korea’s Kim Jong Un had been agreed upon, but he did not give any details and said they would be announced next week.

Secretary of State Mike Pompeo said in an interview on Wednesday he was dispatching a team to prepare for the summit to be held somewhere in Asia in late in February.

The last summit, which took place in Singapore in June, was the first such event between a sitting U.S. president and a North Korean leader.

The meeting resulted in a vague commitment by Kim to work toward the denuclearization of the Korean peninsula. But he has not yet taken concrete steps to that end, in Washington’s view.

Speaking in the Oval Office, Trump said he was making tremendous progress with North Korea, but provided no evidence.

(Reporting by Steve Holland; Writing by Makini Brice; Editing by David Alexander and Sonya Hepinstall)