An MH-60R Seahawk attached to the"Warbirds of Helicopter Maritime Strike Squadron 49 flies over the guided-missile destroyers USS Spruance and USS Momsen in July 2016. (U.S. Navy
Investors will be looking to see if both sides can hammer out a deal before a March 1st deadline to avert higher US tariffs on Chinese goods.
"The key is whether the USA and China can find common ground", said He Weiwen, a former commerce ministry official and now a senior fellow at the Center for China and Globalization, an independent research group.
U.S. President Donald Trump said on Tuesday that he could see letting the March 1 deadline for reaching a trade agreement with China slide a little, but that he would prefer not to and expects to meet with Chinese President Xi Jinping to close the deal at some point.
Mnuchin, asked by reporters as he left his Beijing hotel what his hopes were for the visit, said "productive meetings".
The dispute has escalated to encompass $360 billion in trade between the two economic superpowers, and without an agreement by the start of March, the Trump administration is poised to more than double the punitive duties on $200 billion in Chinese goods.
Trump said talks in Beijing are "going well", but acknowledged bilateral talks between him and Xi are unlikely to come to pass before the current March 2 deadline.
Air New Zealand flight to Shanghai forced to turn back
On another hand, this would not be the first time Taiwan-China question is causing a massive headache for airlines. White House called "Orwellian nonsense".
While China has offered to buy more United States soybeans and beef, officials have yet even to agree on a draft of a deal that would address key USA concerns, according to media reports.
Mnuchin and Lighthizer are scheduled to hold talks on Thursday and Friday with Vice Premier Liu He, the top economic adviser to Xi.
The talks kicked off in Beijing with discussions among deputy-level officials on Monday before minister-level meetings later in the week.
Washington is expected to keep pressing Beijing on long-standing demands that it make sweeping structural reforms to protect American companies' intellectual property, end policies aimed at forcing the transfer of technology to Chinese companies, and curb industrial subsidies.
U.S. Secretary of State Mike Pompeo cautioned allies on Monday against deploying equipment from Chinese telecoms giant Huawei on their soil, saying it would make it more hard for Washington to "partner alongside them".
Both the Chinese government and Huawei have dismissed these concerns.
Recommended News
-
14 February 2019Apple Wants 50% of Publishers' Revenue for News Subscription Service
The launch would be Apple's latest push to grow its services revenue with a goal of hitting $50 billion (R687 billion) by 2020. Apple is reportedly taking a hard line with publishers during its negotiations for a proposed news subscription service .
11 February 2019Champions League: Cavani injured ahead of PSG's trip to play Manchester United
My feeling is that it will be very hard for him to play, ' said manager Thomas Tuchel after the tie. And speaking after the game, Tuchel said: "If he [Cavani] comes off, obviously I am anxious ".
10 February 2019Trump Tipped To Ban Chinese Equipment From US Mobile Networks
Complicating the situation is the Canadian arrest of a top Huawei executive sought on an extradition request by the U.S. The US is concerned that if its allies continue to use Huawei kit, then America's security will be threatened. -
12 February 2019Pro-Trump fashion rocks the Grammys
After receiving criticism, Villa defended herself on Twitter and spoke out about reasons she supports the border wall. Villa, an outspoken Trump supporter, has become known for using her Grammy looks to make pointed statements.
11 February 2019Chelsea Boss: Man City Is The Best Team In Europe
Most of the goalscoring pressure this season has been on Hazard's shoulders. "My feeling today was really very good", said Sarri. After the match, Sarri appeared to ignore City coach Pep Guardiola and then had some strong words in his press conference.
10 February 2019Thailand party accepts king's opposition to Princess Ubolratana PM bid
Ubolratana was not present when her name was registered with the Election Commission by the Thai Raksa Chart Party . Later that day , reigning King Maha Vajiralongkorn, 66, condemned the bid as unconstitutional and "inappropriate". -
12 February 2019Champions League: Manchester United's Anthony Martial to repay faith against PSG
Fellaini is now an interested observer of the goings-on at Old Trafford, with United enjoying a welcome upturn in form under Solskjaer.12 February 2019Human Rights Activists Hail Dissident Bahraini Soccer Star's Release From Thai Jail
Bahrain has now dropped an extradition request made to Thailand , paving the way for Al-Araibi to return to Australia . Morrison, the Australian prime minister, had in recent weeks has spoken out strongly on behalf of al-Araibi's freedom.
10 February 2019Trump in ‘Very Good Health,’ Physician Says After Annual Exam
Doctors checked his eyes, ears, nose and throat, heart, lungs, gastrointestinal tract, skin, and teeth. He also said of Mr Trump: "He has incredibly good genes , and it's just the way God made him". -
13 February 2019Guaido announces date for aid to enter Venezuela
Washington has said it will turn over control of those resources to Guaido once Maduro has been removed from power. He said it was a small-scale donation, given that the government has so far blocked deliveries from Cucuta.
13 February 2019Tfue Reveals The Main Reason Fortnite Streamers Are Switching To Apex Legends
Peak viewership numbers tell a similar story, with Apex Legends securing 491,894 viewers and Fortnite landing at 326,454. The game has been dominating on Twitch since its release and many players have loved what they have played so far.
12 February 2019Ilhan Omar Apologizes for Antisemitic Missive After Criticism From Democrat Leaders
An hour and a quarter later, Omar apologized and said it wasn't her intention to offend anyone. A spokesman for Omar has not responded to NPR's request for comment on the letter.
