March 1st is a "hard deadline" for U.S. - China trade talks, according to U.S. Trade Representative, Robert Lighthizer.
Lighthizer appeard on the CBS show "Face the Nation" and also said that the U.S. wants more protection for U.S. technology and additional market access.
And, if it doesn't get it, it will impose new tariffs.
U.S. Bank, senior portfolio manager, Eric Wiegand:
(SOUNDBITE) (English) U.S. BANK, SENIOR PORTFOLIO MANAGER, ERIC WIEGAND, SAYING:
"Coming away from the G 20 summit, you know, the administration seemed to be heralding the progress that was being made. Then investors were very unsettled earlier last week, when the president declared himself, you know, "the tariff king," and then, to have that further substantiated by, you know, trade representative Lighthizer. Again, creates, you know, anxiety on the part of investors and businesses themselves. They need to get a consistent message in order to begin planning and investing."
U.S. President Donald Trump and Chinese leader Xi Jinping agreed to a trade truce during the G20 summit in Argentina a week ago.
But global markets are still jittery about a possible escalation.