China willing to reach agreement with U.S. - Vice Premier Liu He

White House trade adviser Peter Navarro speaks during a television interview at the White House Tuesday Oct. 8 2019 in Washington

China willing to reach agreement with U.S. - Vice Premier Liu He

Stocks ended higher Thursday after President Donald Trump said he will meet with Chinese Vice Premier Liu He on Friday, raising hopes the two countries could make progress on the trade front.

Chinese and American negotiators are set to start meeting again in Washington on Thursday in the latest round of their so-far fruitless talks to strike a trade deal.

A Bloomberg report out Tuesday morning suggested China would be open to a partial deal that included Beijing agreeing to non-core concessions, like increasing its purchases of agricultural products, in exchange for the USA not imposing more tariffs on Chinese goods.

But the atmosphere for the high-stakes parley was shifting rapidly.

Still, there was no hiding the sharp deterioration in relations this week. U.S. duties on $250 billion in Chinese imports are due to rise in five days.

Trump - who has taken the global economy on a white-knuckle ride since launching multi-pronged trade offensives with China, Europe and other allies previous year - reiterated Thursday that the outcome was down to him.

"Big day of negotiations with China".

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Despite assurances that both Washington and Beijing want a trade deal investors are acutely sensitive to the very real risk that the latest round of trade talks could end without a deal. "I meet with the Vice Premier tomorrow at The White House".

The S&P 500 index .SPX fell 2% over the first two days of the week as the trade outlook darkened following a USA move to impose visa restrictions on Chinese government and Communist Party officials it believes responsible for the detention or abuse of Muslim minorities in Xinjiang province.

He is as usual engulfed in turmoil, facing Democrats' intensifying impeachment probe and stinging bipartisan criticism for allowing a Turkish assault on Washington's Kurdish partners to go forward by pulling American forces away from the border in northeast Syria.

Markets over the prior 24 hours had pinned their hopes on media reports that Beijing will propose a partial trade deal to prevent further escalation.

China's imports of USA farm goods will also be discussed, as well as steps to free up Chinese financial and other markets and protect intellectual property.

In exchange for the Trump administration's compliance, China would offer the USA "non-core concessions", including the increased purchase of agricultural products, the source reportedly told Bloomberg. While Trump committed to the move after meeting President Xi Jinping in June, no licenses have been issued yet.

For more than a year, the United States and China have been locked in a trade war on issues such as cybersecurity, regulations, intellectual property, subsidies and tariffs.

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"I think that could lead to a decision by the US administration to not put forth a tariff rate hike on October 15", Brilliant said in a conference call, which followed a meeting Wednesday between Liu and senior Chamber officials, according to media reports.

China's purchases of USA soybeans jumped in September after stagnating during the summer.

China is willing to reach agreement on matters both sides care about.

Beyond tit-for-tat trading blows, the US-China trade war has spawned spin-off tensions.

That would make almost all Chinese goods imports into the United States - more than $500 billion - subject to tariffs.

"I think ultimately, a lot of this has to do with the trade talks with China".

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