WASHINGTON: Top U.S. and Chinese negotiators met on Thursday for the first time since late July to try to find a way out of a 15-month trade war as new irritants between the world's two largest economies threatened hopes for progress.
U.S. President Donald Trump has threatened to raise tariffs on US$250 billion worth of Chinese goods on Oct. 15 if no progress is made in the on-again, off-again negotiations. A U.S. Chamber of Commerce official said there was a possibility U.S. and Chinese negotiators would reach a currency agreement in exchange for a delay of the tariff hikes.Channel NewsAsia - Sentifi topic widget
Chinese firms have bought more than 3.5 million tonnes of U.S. soybeans since the beginning of September. Soybeans, the most valuable U.S. agricultural export, have been among the products hardest hit by China's retaliatory tariffs.The two sides have been at loggerheads over U.S. demands that China improve protections of American intellectual property, end cyber theft and the forced transfer of technology to Chinese firms, curb industrial subsidies and increase U.S.
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