The event is scheduled to take place on Thursday afternoon in the Oval Office and could become another step towards a final deal in the ongoing US-China trade row.
White House economic advisor Larry Kudlow told reporters that Beijing had acknowledged that the United States has legitimate gripes about intellectual property theft, forced technology transfer and cyber hacking, CNBC reported.
“They have for the first time acknowledged that we have a point. Several points”, Kudlow told reporters at an event hosted by the Christian Science Monitor, noting that previously the Chinese negotiators had been “in denial”.
The Financial Times reported that the officials negotiating a trade deal have resolved most of the outstanding issues but are still discussing how to implement and enforce the future agreement.
“We’re getting into the end-game stage”, said Myron Brilliant, executive vice-president for international affairs at the US Chamber of Commerce, cited by the Financial Times. “Ninety percent of the deal is done, but the last 10 percent is the hardest part, it’s the trickiest part and it will require trade-offs on both sides”, he told reporters on Tuesday.