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Trade Talks Between U.S., China Tiptoe Forward
China has agree to buy more U.S. products as a result of three days of mid-level negotiations in Beijing this week. But the two countries remain far apart on key issues.
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China has agree to buy more U.S. products as a result of three days of mid-level negotiations in Beijing this week. But the two countries remain far apart on key issues, Bloomberg News reports.
Presidents Donald Trump and Xi Jinping agreed on Dec. 1 to suspend further escalation of their trade war until March 1 in hopes of resolving their differences. This week’s negotiations are the first to follow the truce.
Trump has threatened to move ahead with 25% tariffs on $200 billion in Chinese goods if the talks fail to deliver meaningful reforms in China’s non-tariff barriers, protection of intellectual property and rules that force foreign companies to trade technology for the right to do business in the country.
Currently, the U.S. is levying tariffs covering $250 billion worth of Chinese goods. China has responded with taxes on $110 billion worth of U.S. products.
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