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U.S.-China Trade Talks Move to Beijing
Top-level trade talks between the U.S. and China began in Beijing today in hopes of reaching an accord by mid-May.
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Top-level trade talks between the U.S. and China began in Beijing today in hopes of reaching an accord by mid-May.
The latest round of negotiations are being led by China Vice Premier Liu He and U.S. Trade Representative Robert Lighthizer. Discussions are scheduled to continue in Washington, D.C., on May 8.
The talks center on the trade imbalance between the two countries, intellectual property protection in China and what the U.S. considers as unfair Chinese subsidies to its domestic companies. China has indicated willingness to take action on all those fronts, but deep questions remain about how to enforce a deal.
Resolving those issues presumably would end the trade war begun between the two countries last year by the Trump administration. The U.S. currently is levying import tariffs on $250 billion worth of Chinese goods. China has reciprocated by collecting levies on $100 million worth of goods and products from the U.S.
The two countries agreed in December to shelve threats of further escalation, pending a new trade pact. Until last week, the negotiations appeared to be moving slowly.
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