The Chinese trade delegation arrived at the 0ffices of the U.S. Trade Representative at 5 P.M. to begin trade talks just hours before U.S. tariffs on imports from China are set to rise to 25 percent.

Update 12:02 A.M.: The clock has ticked past midnight so the higher tariffs are now official. That concludes our liveblog of Tariff Night. The latest post on the higher tariffs, and a review of how we got here, is up now here.

Update 11:56 P.M.: The fears of U.S. economic patriots that President Donald Trump would cave to Chinese and financial market pressure and cancel the tariff hikes appear to have been unfounded. Likewise the hopes of the trade surrender lobby and Wall Street. Those who believed Trump would stand by his convictions and hike the tariff have been vindicated.

Update 11:46 P.M.: No further updates from the White House on whether or not Trump spoke to Xi. In any case, the tariffs are still set to be applied in less than 15 minutes.

Bloomberg has a good story on the domestic pressure China’s trade negotiators are facing the Chinese nationalists.

For trade negotiators, a backlash at home is real. Comments have emerged on Chinese internet platforms in recent days comparing Liu He to Li Hongzhang, the Qing dynasty official who signed a much maligned treaty with Japan more than a century ago. https://t.co/NRaVNAL3dc — Dandan Li (@DD2_Li) May 10, 2019

Update 11:16 P.M.: Stocks in Asia are rising on hopes that the tariff hike may be only a brief bump in the road to a trade pact between the U.S. and China. A few traders still hold out hope that a deal could be reached to forestall higher tariffs altogether but that seems extremely unlikely.

Stock indexes in Japan, Hong Kong, South Korea, and mainland China were all in positive territory Friday morning.

Update 11:09 P.M.: Talks are set to resume tomorrow. But tariffs are still set to rise tonight.

Update 10:46 P.M.: Word from the White House is that tariffs are still going up at midnight.

White House says Ambassador Lighthizer and Secretary Mnuchin had a working dinner with China’s Vice Premier Liu He, and agreed to continue trade talks tomorrow morning at USTR. Tariffs on $200 billion worth of Chinese goods are still set to go into effect at 12:01am — Alayna Treene (@alaynatreene) May 10, 2019

Update 10:25 P.M.: CNBC’s Eunice Yoon reports that they’ve agreed to continue discussions into the morning,

White House spox: @USTradeRep,@stevenmnuchin1 agreed with #China Vice Premier to continue discussions Friday morning — Eunice Yoon (@onlyyoontv) May 10, 2019

No meeting scheduled tomorrow for Pres. Trump to meet Liu He. Liu is said to leave DC around 4pm tomorrow pic.twitter.com/5tLSiFn85D — Olivia Qi Zhang张琪 (@zhang_qiii) May 10, 2019

Update 10:15 P.M.: This is getting weird. The dinner ended. Liu left. Then Mnuchin and Lighthizer “bumped into” the Japanese Ambassador. Who definitely could not have known where Mnuchin, Lighthizer, and Liu were having dinner even though we all knew this hours ago. Total coincidence, obviously.

The dinner breaking up. The Vice Premier Liu He leaves first. The Treasury Secretary & US Trade Representative. They stopped on the way out bumping into the Japanese Ambassador to the US. Talking with him in the door for about 5 minutes. #Trade #China #Japan pic.twitter.com/TwX20EDS1h — Edward Lawrence (@EdwardLawrence) May 10, 2019

Update 9:13 P.M.: More rumors of a Trump-Xi call.

President Trump and President Xi are expected to have a phone call. The Vice Premier told the US Delegation it is up to the world leaders now. #China #Trade — Edward Lawrence (@EdwardLawrence) May 10, 2019

Trade Sources say Chinese Vice Premier told US Trade Representative Robert Lighthizer & Treasury Sec Mnuchin there is nothing more he can do. He told them now it’s up to President Trump and President Xi to work this out. Tariffs will increase as of now. #China #Trade — Edward Lawrence (@EdwardLawrence) May 10, 2019

Update 8:57 P.M.: Working dinner it is. Here’s a photo that looks to be Liu and Lighthizer outside a restaurant in D.C.

A very crappy photo of treasury secretary mnuchin USTR Lighthizer and China’s top trade negotiator Liu He leaving the Metropolitan Club after dinner just a few hours before the US is poised to jack up tariffs on $200 billion in Chinese imports. pic.twitter.com/Aoj82PozrA — Alex Alper (@alexalper) May 10, 2019

confirms that the two teams are at dinner together.

A working dinner going on right now https://t.co/tEeSopvtJz — Olivia Qi Zhang张琪 (@zhang_qiii) May 10, 2019

Ed Lawrence also confirms.

Update 8:17 P.M.: There are after hours rumors on Wall Street that President Donald Trump will call Xi Jinping at 10 P.M. EST, 10 A.M. Beijing time. Stock futures are moving higher on the speculation that China might win a last-minute reprieve from the tariffs.

Update 7:45 P.M.: There are reports that the meeting has already concluded, despite expectations that it would last late into the night. They may be heading to a working dinner. (Aside: back in my deal-making days, we would have ordered dinner into the conference room for a negotiation this important.)

According to one reporter at the scene, the Chinese delegation is headed to their hotel and Lighthizer and his guys to the White House for an Oval Office meeting.

China’s Vice primer Liu He arrived at the hotel at 7:17pm. The two teams split after earlier meeting at USTR building, one heading to Oval Office and the other heading to hotel, I was told. pic.twitter.com/UhUoEONie0 — Olivia Qi Zhang张琪 (@zhang_qiii) May 10, 2019

Liu He left the USTR office at 6:25pm pic.twitter.com/68JV1VzMdK — Olivia Qi Zhang张琪 (@zhang_qiii) May 9, 2019

Liu He, China’s vice premier and top trade negotiator, led the China team. He has, however, been stripped of the title “special envoy” of Xi Jinping, according to reports. That may indicate he has less negotiating authority.

The U.S. side of the talks are being led by Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer.

China has vowed to retaliate if the U.S. follows through with plans to hike the tariff at 12:01 A.M. Friday morning. But with only a few hours to go before the higher tariffs kick-in, and all the regulatory paperwork already filed, it would be a surprise if Liu and his team were able to convince the U.S. to reverse course.

Liu is scheduled to have dinner with Lighthizer and Mnuchin tonight.

Correction: An earlier version of this story incorrectly stated the location of the talks Thursday evening. They are taking place at the Office of the U.S. Trade Representative.