China Trade Talks Wrap Up After Extending To Third Day

What hope for markets in the US-China trade talks?

What hope for markets in the US-China trade talks?

China and the U.S. "conducted extensive, in-depth and meticulous exchanges. which enhanced mutual understanding and laid the foundation for resolving issues of mutual concern", the Chinese commerce ministry said in a statement.

"The talks also focused on China's pledge to purchase a substantial amount of agricultural, energy, manufactured goods, and other products and services from the United States", USTR said in a statement. It is the first time that officials have met for face-to-face talks since President Trump and President Xi agreed a 90-day ceasefire in December.

The full year numbers will look somewhat different, partly because China has resumed purchases of USA soybeans and other goods.

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

Three days of US-Chinese talks aimed at ending a costly tariff battle wrapped up Wednesday in an optimistic atmosphere after President Donald Trump said they were "going very well!". "Without some progress already made, there would not be an extension to the negotiations", he told NPR. Without a breakthrough in talks, US corporations are likely to experience a deepening decline in their Chinese sales, with Bank of America Merrill Lynch analysts even seeing an "informal boycott" in place.

The US president is increasingly eager to strike a deal with China soon in an effort to perk up financial markets that have slumped on concerns over the trade war, according to people familiar with internal White House deliberations. -China Business Council in Beijing.

The two sides held intense discussion at the vice ministerial level from Monday to Wednesday in Beijing.

"The officials also discussed the need for any agreement to provide for complete implementation subject to ongoing verification and effective enforcement", said the USA statement, adding that United States officials, who left Beijing on Wednesday, will now report back for further guidance. They include changes to China's policies on intellectual property protection, technology transfers, industrial subsidies and other non-tariff barriers to trade.

The midlevel talks in Beijing concluded on Wednesday. The S&P 500 Index has fallen about 8% since Trump and Xi agreed on a 90-day truce at their meeting in Argentina last month.

If talks continue to go well, a cabinet-level meeting is likely to happen before the end of the month.

The Trump administration also wants Beijing to buy more American goods to narrow a yawning trade gap and allow foreign players better access to the Chinese market.

Chinese exports to the USA have held up despite tariff increases of up to 25 percent on $250 billion of Chinese imports, partly due to exporters rushing to fill orders before more increases hit. Reuters reported that both parties showed further signs of progress on issues including the purchases of US farm and energy commodities, as well as greater access to Chinese markets.

Recommended News

  • ExxonMobil, IBM to work on quantum computing in energy sector

    ExxonMobil, IBM to work on quantum computing in energy sector

    It plans to house an undisclosed number of these systems at an IBM Q Quantum Computation Center in Poughkeepsie, New York in 2019. IBM has banked on quantum as one of its core future technologies, first opening up client access through the cloud a year ago .
    Man accused of stealing $10M lottery ticket from roommate

    Man accused of stealing $10M lottery ticket from roommate

    He then told his two roommates, one of whom allegedly stole the winning ticket and replaced it with a forgery, police told KTXL . Vacaville police say Adul Saosongyang , 35, was taken into custody as he attempted to claim the prize on Monday.
    Man City Have Scored 96 Goals This Season, And It's Only January

    Man City Have Scored 96 Goals This Season, And It's Only January

    We're not a team who has a lot of titles in our museum so you have to take these chances to get to the final. It doesn't matter what happened last season, you have to take it.
  • Mysterious fast radio bursts discovered from deep space ‘could be aliens’

    Mysterious fast radio bursts discovered from deep space ‘could be aliens’

    The telescope only got up and running past year , detecting 13 of the radio bursts nearly immediately, including the repeater. The FRBs were detected first by accident in 2007 as a burst signal in radio astronomy data collected in 2001 was spotted.
    With Vic Fangio, Broncos go with experience and toughness

    With Vic Fangio, Broncos go with experience and toughness

    This is the first head coaching job for the 60-year-old, but he has more than 30 years of coaching experience in the NFL. The Broncos went 11-21 with their last defensive-minded coach that had no previous head-coaching experience.
    It’s not too late to get that flu shot

    It’s not too late to get that flu shot

    Danuta Skowronski, epidemiology lead of influenza and emerging respiratory pathogens at the BC Centre for Disease Control. The flu season is well under way across the United States, with 24 states reporting widespread influenza activity.
  • Brexit plan B debate will last only 90 minutes, says No 10

    Brexit plan B debate will last only 90 minutes, says No 10

    Instead, she has pressed ahead with a vote she looks set to lose after failing to win over her nominal Northern Irish allies. Party leader Jeremy Corbyn said: "The delay to the meaningful vote has achieved nothing beyond wasting a month".
    Jets to hire Gase as head coach

    Jets to hire Gase as head coach

    He won 125 regular-season games, 10 playoff games and a Super Bowl between 2006 and 2018. According to Breer, Gase is expected to hire Dowell Loggains as offensive coordinator.
    Kim Jong Un departs Beijing after meetings with Xi Jinping

    Kim Jong Un departs Beijing after meetings with Xi Jinping

    During his trip to Beijing , Xi hosted a dinner reception for Kim on Tuesday night, the 35th birthday of the North Korean leader. Beyond confirming his presence in Beijing , no details have been provided by either North Korea or China on his schedule.
  • Ranveer Singh impresses as aspiring rapper in 'Gully Boy' trailer

    Ranveer Singh impresses as aspiring rapper in 'Gully Boy' trailer

    However, Ranveer added, "Ek thoda zaada special hai, ek thoda kamm (One is a little more special than the other)". If any other actor would have been a part of this film instead of me then I would have burnt with jealousy.
    Higuain poised to end AC Milan loan to join Chelsea

    Higuain poised to end AC Milan loan to join Chelsea

    According to report from the Stamford Bridge, Higuain is expected to earn about £140,000 a week when he finally joins the club. Brazilian Leonardo added: " There's no point following rumours and gossip ".
    United States  celebrity Lindsay Lohan confirms plans to buy private island

    United States celebrity Lindsay Lohan confirms plans to buy private island

    The 30-minute session, appropriately called Lohan's Beach Club: After The Show , will air immediately after Beach Club's premiere on January 8.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.