Portman, center. Photo: VCG
An American senator said today he believes China and the U.S. will reach some form of a trade deal by March 1, which would likely allow more detailed discussions to follow.
"I think something gets worked out," Ohio Republican Sen. Rob Portman told CNBC's "Squawk Box," according to news outlet Politico.
Chinese officials have just arrived in Washington for the latest of several rounds of trade talks, which are aimed at striking a deal before the March 1 deadline that will raise U.S. tariffs on Chinese goods.
According to Politico, "Portman outlined his expectations for a three-part deal that would include China buying more U.S. products to reduce the U.S. trade deficit, making significant new commitments to protect U.S. intellectual property and curbing subsidies and other unfair advantages of China's state-owned enterprises."
Portman is no novice in international trade issues. He served as United States Trade Representative under George W. Bush, and spearheaded previous trade claims against China at the WTO.