US, China conclude ‘productive’ trade talks, but sticking points remain

The United States and China are nearing a trade deal that would roll back a portion of the $250 billion in US tariffs on Chinese goods, Politico reported on Wednesday after US Treasury Secretary Steven Mnuchin said the two countries completed “productive” talks in Beijing.

Mnuchin, along with US Trade Representative Robert Lighthizer, held a day of discussions with Chinese Vice Premier Liu He, aimed at ending a trade war. The talks are to resume next week in Washington, where some observers say a deal announcement is possible.

“Ambassador Lighthizer nd I just concluded productive meetings with China’s Vice Premier Liu He. We will continue our talks in Washington, DC next week,” Mnuchin wrote on his Twitter account. He gave no details.

The three appeared before cameras at the end of talks at a state guest house in Beijing, chatting amiably among themselves without speaking to reporters.

“The discussions remain focused toward making substantial progress on important structural issues and rebalancing the U.S.-China trade relationship,” White House Press Secretary Sarah Sanders told pool reporters, adding only scheduling details

Newsletter Subscription

Sign Up to enjoy top Finance Articles and Insights Delivered to your inbox.
  • Programic Asia Pvt Ltd may keep me informed with eMails about cfoengage.com & finance newsletters. See our Privacy policy for more details