US, China hold more trade talks overshadowed by Kim visit

US, China hold more trade talks overshadowed by Kim visit

US, China hold more trade talks overshadowed by Kim visit

Facing a March deadline, talks aimed at ending a trade war between China and the US are underway, with the world's two biggest economies expressing optimism over the potential for progress.

US Commerce Secretary Wilbur Ross signalled in a CNBC interview on Monday that there was a "very good chance" of reaching an agreement.

Asked about the timing of the operation during trade talks, Lu said resolving issues would help both countries and the world.

The discussions are the first face-to-face interactions between the USA and China since both presidents met in Argentina and agreed to a temporary truce in their tit-for-tat tariff war. He is pushing to address concerns of China's alleged theft of intellectual property and market-access barriers, as well as to demand structural economic reforms.

The American delegation is led by a deputy US trade representative, Jeffrey D. Gerrish, and includes agriculture, energy, commerce, treasury and State Department officials.

Ross said the talks are at an "appropriate level" and the US delegation is large because of the number of issues to be addressed.

China's Foreign Ministry spokesman Lu Kang has just told a daily news briefing on Wednesday that trade talks in Beijing between China and the United States have concluded and the results will be released very soon.

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The talks went ahead despite tensions over the arrest of a Chinese tech executive in Canada on US charges related to possible violations of trade sanctions against Iran. "China has the good faith, on the basis of mutual respect and equality, to resolve the bilateral trade frictions". "Their economy is slowing much more than I think public data is showing right now", Leland Miller, chief executive officer of China Beige Book, said on Bloomberg TV Tuesday.

Trump has imposed 25 percent tariffs on $50 billion of Chinese good and 10 percent duties on $200 billion of imports. Trump wants Beijing to roll back initiatives like "Made in China 2025", which calls for the state-led creation of global competitors in such fields as robotics and artificial intelligence. -China trade talks and yet China sent in its top economics adviser Chinese Vice Premier Liu He.

Few details emerged of the trade talks, which were scheduled to run through Tuesday.

A new year, a new round of talks between the US and China.

Another photo shows a wider view of dozens of officials from each country seated at three long tables facing each other and around the room's borders, significantly more people than those attending previous rounds of U.S.

Beijing and Washington have raised tariffs on billions of dollars of each other's goods, prompting fears the conflict will dampen global economic growth that is showing signs of slowing.

The Trump administration's calculus regarding how much to stress either increased purchases of United States goods, on the one hand, or structural reforms reflects a divide within the White House. That meeting would likely include a senior Chinese government official along with trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin.

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