With the March 1st deadline looming to thrash out a trade deal between the world's two biggest economic powerhouses,... the U.S. and China are set to sit down for last minute negotiations in Beijing.<br />Will they be able to strike a deal and bring some much needed stability back to the global economy? <br />Lee Seung-jae reports. <br />U.S. Treasury Secretary Steven Mnuchin arrived in China a few days ahead of his high-level meetings with Chinese officials in Beijing,... sounding optimistic a deal that satisfies both sides will be reached by the March 1st deadline.<br />With negotiations kicking off Thursday,... Mnuchin will be joined by U.S. Trade Representative Robert Lighthizer,... as well as David Malpass,... President Trump's pick to lead the World Bank.<br />China's delegation will be led by Vice Premier Liu He,... alongside the governor of China's central bank, Yi Gang.<br />The two-day talks come as Washington and Beijing agreed to a three-month ceasefire in December. <br />At the G20 Summit in Argentina,... the Trump administration suspended its plan to increase tariffs on 200-billion dollars worth of Chinese imports to 25-percent from the current 10-percent.<br />The hope was that it would give negotiators enough time to settle the trade spat that has triggered fears of a global economic slowdown.<br />President Trump has expressed his own optimism about reaching a deal,... and even suggested this week,... that he might be open to postponing the current deadline,... so both sides can reach an agreement. <br />Diplomatic sources say Trump may sit down with Chinese President Xi Jinping sometime in March,... once an agreement is sealed.<br />President Xi is expected to meet with the U.S. delegation in Beijing on Friday,... as they hope to shake hands on a deal as quickly as possible.<br />Lee Seung-jae, Arirang News. <br />
