US, China resume high-level talks to end gruelling trade war

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WASHINGTON (REUTERS) - Top US and Chinese negotiators met on Thursday (Oct 10) 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.. Read more at straitstimes.com.

WASHINGTON - Top US 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.

Beijing is planning to tighten visa restrictions for US nationals with ties to anti-China groups, sources said. "Big day of negotiations with China," Trump said on Twitter."They want to make a deal, but do I?" He added that he would be meeting with Liu at the White House on Friday."The Chinese side came with great sincerity, willing to cooperate with the US on the trade balance, market access and investor protection," Xinhua quoted Liu as saying on Thursday.

Chinese firms have bought more than 3.5 million tonnes of US soybeans since the beginning of September. Soybeans, the most valuable US agricultural export, have been among the products hardest hit by China's retaliatory tariffs. "I've never seen China respond with concessions to someone throwing down the gauntlet in this manner," said Scott Kennedy, a China trade expert at the Center for Strategic and International Studies in Washington.

 

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