To recap how we got here, the Trump administration determined last spring that China had taken action against U.S. intellectual property. In a futile attempt to deter Chinese retaliation, President Trump threatened tariffs on an additional $200 billion of imports should China dare to respond. Now, with nearly two thirds of the allotted time elapsed, the Trump administration faces a difficult choice. Now, the looming deadline increases pressure on President Trump to strike the sort of deal China favors (e.g. It is very hard to imagine President Trump being able to walk away from such a summit empty-handed, admitting defeat.

Source: Forbes February 01, 2019 03:56 UTC