BEIJING: The United States and China open the latest round of their trade talks Thursday as the economic superpowers edge towards a deal to resolve a months-long spat that has rattled the global economy.
The two sides have slapped tariffs on hundreds of billions of dollars of goods since last year, hitting a slew of businesses ranging from manufacturers to farmers in both countries, with knock-on effects for other economies.And Trump suggested last week some of those tariffs should stay in place after a deal is reached to ensure China follows through.But Beijing has taken steps to address some US complaints.
"Protection of intellectual property is not anti-Chinese. Stopping people from forcing transfer of technology is not anti-Chinese. In fact, the reformers would say it's pro-Chinese. It will help their economy, not hurt their economy," he added. "I suspect this is one of the areas China is pushing back on, it remains a core of the negotiations," Parker said.
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