*By Chloe Aiello*
President Trump and Chinese President Xi Jinping are reportedly considering a meeting at Trump's Mar-a-Lago Resort in March to resume trade talks. But whether or not any major developments will result is a toss-up, former State Department Senior Advisor Christian Whiton told Cheddar.
"It's still a coin toss as to whether or not there's a big deal, but Wall Street seems to take it for granted. I think it's less likely, and what's more likely, it's going to be a very long-term process of jousting," said Whiton, who served as an advisor for both Trump and former President George W. Bush.
[Axios reported](https://www.axios.com/trump-xi-china-trade-war-mar-a-lago-37bb245b-9ffa-455e-bc82-499c3c32d7e2.html) on Sunday that Trump's advisers have discussed hosting a summit at the president's Palm Beach, Fla., resort in an attempt to resolve the ongoing trade standoff between the U.S. and China. Sources informed Axios that the summit could come as soon as mid-March, although neither the date nor the location have been officially set.
A mid-March summit would come after the March 2 deadline Trump set to hike tariffs from 10 percent to 25 percent on $200 billion in Chinese goods. Whiton said the summit could potentially lead to further delays.
"My guess is that if a summit was scheduled, it would be hard for the administration to go ahead with that increase," he said. "Having said that, there is some jousting within the administration between hardliners ... who want tariffs on sooner as added pressure, and the Wall Street crowd."
Whiton also said that China has done little to address major concerns over intellectual property theft and anti-competitive behaviors.
"What I understand is China really hasn't been that forthcoming in the systemic reform that Trump really wants, and frankly that there is bipartisan consensus for," he said. "They are sort of saying, 'meet us halfway on those things.' But that is extremely hard to do."
Trump has been pushing for adjustments in trade policies with China even before he stepped into the Oval Office. The two powers have been tangled in a retaliatory trade war since Trump first leveraged tariffs in early 2018.
For full interview [click here](https://cheddar.com/videos/white-house-reportedly-considering-mar-a-lago-for-u-s-china-trade-summit).
Citigroup CEO Michael Corbat weighs in on the backlash over family separation at the border and the need for immigration reform.
Image Credit: Shutterstock
The country's top court on Thursday ruled that states can force online retailers to charge sales taxes on purchases even if they don't have a physical presence in the state. D.A. Davidson's Tom Forte says Amazon may actually end up benefiting from that rule.
The recent crisis at the U.S.-Mexico border isn't that different from the injustices committed against the transgender community, says actress and transgender rights activist Angelica Ross. "We, as a country and as a global society, have lost touch with our humanity," she tells Cheddar.
Mike Corbat, head of the fourth biggest bank in the U.S. with $1.84 trillion in assets, said that, while many of the current trade agreements in place need to be updated to reflect the modern economy, it's 'unfortunate' that progress from other policies, like tax reform, could be hampered by the threat of trade wars.
Employees of big tech companies hold their leaders to a high moral standard and force them to speak out, says Dana Wollman, executive editor at Endgadget. Microsoft staff recently protested against letting U.S. Immigration and Customs Enforcement, which has been criticized for its treatment of migrant children at the border, use the company's Azure cloud technology.
The president said he will sign an executive order as soon as Wednesday to prohibit officials from separating children and parents at the southern border, after days of standing by the zero tolerance policy. His changed stance may stem from national backlash in the political and private sectors, says Jack Crowe, news writer at the National Review.
President Trump on Tuesday again deflected blame for tearing apart families at the U.S. border and suggested deporting entire family units, and Republicans scrambled to come up with a legislative fix for the crisis.
The former president of Mexico, a long-time advocate of legalizing cannabis globally, joined the board of the cannabis culture company. Adam Levine, CEO of High Times, said his addition will lend support to its efforts.
Markets opened sharply lower on Tuesday after President Trump directed his administration to identify an additional $200 billion worth of Chinese goods that could be hit with taxes, upping the ante in the potential U.S.-China trade war. Trump's announcement comes in response to China's threats to retaliate against an original round of tariffs, targeting $50 billion worth of U.S. imports.
Suraj Patel, a former Obama campaign staffer, is trying to boost voter turnout in New York's 12th District by collaborating with coffee carts, taking workout classes with voters, and engaging with people on the streets. He's running to unseat 25-year incumbent Rep. Carolyn Maloney in the Democratic primary next week.
Load More