The United States and China are discussing a late March meeting between President Donald Trump and Chinese President Xi Jinping in Florida, according to sources familiar with the situation.
Sources also confirmed to CNBC that China has committed to buying up to $1.2 trillion in U.S. goods, though the two sides remain far apart on issues concerning the forced transfer of intellectual property.
Representatives for the two nations resumed overall trade discussions on Tuesday, and follow-up sessions at a higher level began Thursday.
U.S. duties on $200 billion in imports from China are set to rise to 25 percent from 10 percent if Washington and Beijing fail to reach an agreement by a March 2 deadline. However, Trump said earlier this week that the deadline was not a "magical date," hinting it could be moved.
