U.S. and Chinese negotiators wrapped up a brief round of trade talks on Wednesda...
SHANGHAI - U.S. and Chinese negotiators wrapped up a brief round of trade talks on Wednesday that Beijing described as “constructive”, including discussion of further purchases of American farm goods and an agreement to reconvene in September.
The statement said negotiators discussed more Chinese purchases of agricultural products from the United States, which had become a bone of contention after U.S. President Donald Trump said China had not delivered on promised purchases. “I believe it doesn’t make any sense for the U.S. to exercise its campaign of maximum pressure at this time,” Hua told a news briefing in response to a question about the tweets.The two sides will reconvene in September in the United States, the Commerce Ministry said.The protracted trade war between the world’s two largest economies has disrupted global supply chains and shaken financial markets as each side has slapped tariffs on billions of dollars of each other’s goods.
The Shanghai talks were expected to center on “goodwill” gestures, such as Chinese commitments to purchase U.S. agricultural commodities and steps by the United States to ease some sanctions on Chinese telecoms equipment giant Huawei Technologies Co Ltd, a person familiar with the discussions told Reuters earlier.
Trump and Chinese President Xi Jinping agreed in June at the G20 summit in Osaka, Japan, to restart trade talks that stalled in May, after Washington accused Beijing of reneging on major portions of a draft agreement. The collapse in talks prompted a steep U.S. tariff hike on $200 billion of Chinese goods.
But so far, U.S. semiconductor and software makers are still mostly in the dark about the administration’s plans.
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