President Donald Trump’s outside advisor on China said on Wednesday that he didn’t expect a breakthrough in trade talks in the “near term.”
The Exchange,” anchored by Kelly Evans.
The meeting between U.S. negotiators and two Chinese vice ministers was canceled, CNBC has reported, though the White House has said “the teams remain in touch in preparation for high level talks” at the end of the month.
Pillsbury remained optimistic about the U.S. and China reaching a deal in the longer term.
“I don’t expect this to be a smooth deal. But I do expect success, because President Trump cares so much about the issue,” he said.
The U.S. has set a March 2 deadline for negotiators to reach a deal; if no deal is reached, tariffs are set to increase on $200 billion in Chinese goods.