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         US-China trade talks resume tomorrow [Feb 11]

         China upbeat on U.S. trade talks, but South China Sea tensions weigh

 

 

US-China trade talks resume tomorrow

 

The Straits Times (Singapore)

Feb 10, 2019

 

WASHINGTON United States negotiators are preparing to press China this week on longstanding demands that it reform how it treats American companies' intellectual property in order to seal a trade deal that could prevent tariffs from rising on Chinese imports.

 

A new round of trade talks begins in Beijing tomorrow, after the most recent set of negotiations concluded in Washington last month without a deal and with the top US negotiator declaring that a lot more work needed to be done.

 

A White House official said last Friday that preparations were under way and the talks would continue to focus on pressing Beijing to make structural reforms.

 

The White House announced a timeframe for the Beijing talks in a statement and said lower-level officials would kick off the meetings tomorrow before higher principal-level talks take place on Thursday and Friday. US Trade Representative Robert Lighthizer, US Treasury Secretary Steven Mnuchin and Chinese Vice-Premier Liu He will lead those talks.

 

Mr Liu, China's top trade negotiator, had met Mr Lighthizer and Mr Mnuchin for two days of talks in Washington last month.

 

Mr Lighthizer, named by President Trump to spearhead the process after agreeing to a 90-day truce in the trade war with Beijing, has been a strong proponent of pushing China to make reforms and end what the US views as unfair trade practices, including stealing intellectual property and forcing US companies to share their technology with Chinese firms. China has denied it engages in such practices.

 

The two sides are trying to hammer out a deal ahead of the March 1 deadline, when US tariffs on US$200 billion (S$271 billion) worth of Chinese imports are scheduled to increase to 25 per cent from 10 per cent.

 

Mr Trump said last Thursday he did not plan to meet with Chinese President Xi Jinping before that deadline, dampening hopes that a trade pact could be reached quickly...

 

more, including links

https://www.straitstimes.com/world/united-states/us-china-trade-talks-resume-tomorrow

 

 

China upbeat on U.S. trade talks, but South China Sea tensions weigh

 

Reporting by Michael Martina and Ben Blanchard in Beijing, and additional reporting by Susan Heavey in Washington; Editing by Kim Coghill and Nick Zieminski, Reuters

via Yahoo! Finance - February 11, 2019

 

BEIJING (Reuters) - China struck an upbeat note on Monday as trade talks resumed with the United States, but also expressed anger at a U.S. Navy mission through the disputed South China Sea, casting a shadow over the prospect for improved Beijing-Washington ties.

 

White House senior counselor Kellyanne Conway on Monday also expressed confidence in a possible deal. Asked if the two countries were getting close to a trade agreement, she told Fox News in an interview, "It looks that way, absolutely."

 

The United States is expected to keep pressing China on longstanding demands that it reform how it treats American companies' intellectual property in order to seal a trade deal that could prevent tariffs from rising on Chinese imports.

 

The latest talks kick off with working level discussions on Monday before high-level discussions later in the week. Negotiations in Washington last month ended without a deal and with the top U.S. negotiator declaring work was needed.

 

"We, of course, hope, and the people of the world want to see, a good result," Chinese Foreign Ministry spokeswoman Hua Chunying said at a news briefing in Beijing.

 

The two sides are trying to hammer out a deal before the March 1 deadline when U.S. tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25 percent from 10 percent.

 

Trump said last week he did not plan to meet with Chinese President Xi Jinping before that deadline, dampening hopes that a trade pact could be reached quickly. But the White House's Conway said a meeting was still possible soon.

 

Escalating tensions between the United States and China have cost both countries billions of dollars and disrupted global trade and business flows, roiling financial markets.

 

The same day the latest talks began, two U.S. warships sailed near islands claimed by China in the disputed South China Sea, a U.S. official told Reuters.

 

Asked if the ships' passage would impact trade talks, Hua said...

 

more

https://finance.yahoo.com/news/china-says-hopes-see-good-results-u-trade-072918892--business.html