U.S. and Chinese negotiators wrapped up their latest round of trade talks on Fri...
WASHINGTON - U.S. and Chinese negotiators wrapped up their latest round of trade talks on Friday and were scheduled to resume discussions next week to try to secure a pact that would end a tit-for-tat tariff battle that has roiled global markets.
The two sides offered few details of the progress as Chinese Vice Premier Liu He concluded three days of meetings with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin in Washington. U.S. President Donald Trump on Thursday said a deal could be announced in the next four weeks.
“Significant work remains, and the principals, deputy ministers, and delegation members will be in continuous contact to resolve outstanding issues,” the USTR said in a statement. White house adviser Larry Kudlow, speaking on Bloomberg Television earlier in the day, said Liu was due back in Beijing after Friday’s talks, but the two sides would press ahead to resolve remaining differences by video link.Washington also has demanded that Beijing curb industrial subsidies, open its economy wider to U.S. companies, and increase purchases of U.S. goods including farm and energy commodities to shrink the gaping trade deficit with China.
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