Wednesday , March 20 2019

US says China willing to buy more American as trade talks conclude

Bloomberg

The Trump administration wrapped up the latest round of trade talks in Beijing, noting a commitment by China to buy more US agricultural goods, energy and manufactured items.
China and the US concluded three days of talks on Wednesday with a cautious sense of optimism that the world’s two biggest economies might be able to reach a deal that ends their bruising trade war.
In a statement, the office of US Trade Representative Robert Lighthizer said the two sides considered ways to “achieve fairness, reciprocity, and balance in trade relations.” Officials discussed the need for any deal to include “ongoing verification and effective enforcement,” USTR said. The US will decide on the next steps after officials report back to Washington.
President Donald Trump and President Xi Jinping have given their officials until March 1 to reach an accord on “structural changes” to China’s economy on issues such as the forced transfer of American technology, intellectual-property rights, and non-tariff barriers. The USTR statement didn’t say whether progress had been achieved on its main concerns.
People familiar with discussions said positions were closer on areas including energy and agriculture but further apart on harder issues. China was believed to be preparing its own separate statement on the talks.

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