U.S.-China resume trade talks in Washington, reportedly working on MoUs
- 5 years ago
The U.S. and China have resumed high-levels trade talks aimed at easing a trade standoff that has cast a cloud over the global economy.
For more on this and other news around the world we turn to our Ro Aram…
Aram… what's the latest?
Well Mark…. There are reports that both sides are drawing up multiple MOUs that would form the basis of a final trade deal.
Though we have to wait until Friday before any official announcement is made, latest reports suggest the two countries are beginning to make some progress toward ending their near seven-month trade war.
Previous negotiations have all ended without an agreement, as Beijing resists most of the Trump administration's demands.
But, as a March deadline on fresh tariffs loom, both sides seem to be picking up steam.
U.S. media are reporting that negotiators are working on six MOUs that would cover areas including agriculture, non-tariff barriers, services, technology transfer and intellectual property.
This would be just a broad outline of what could make up a deal, but any major agreement will not likely come out after this week's talks.
China's Commerce Ministry has declined to comment on the MOUs.
U.S. Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He are also yet give any details of their first day of negotiations.
For more on this and other news around the world we turn to our Ro Aram…
Aram… what's the latest?
Well Mark…. There are reports that both sides are drawing up multiple MOUs that would form the basis of a final trade deal.
Though we have to wait until Friday before any official announcement is made, latest reports suggest the two countries are beginning to make some progress toward ending their near seven-month trade war.
Previous negotiations have all ended without an agreement, as Beijing resists most of the Trump administration's demands.
But, as a March deadline on fresh tariffs loom, both sides seem to be picking up steam.
U.S. media are reporting that negotiators are working on six MOUs that would cover areas including agriculture, non-tariff barriers, services, technology transfer and intellectual property.
This would be just a broad outline of what could make up a deal, but any major agreement will not likely come out after this week's talks.
China's Commerce Ministry has declined to comment on the MOUs.
U.S. Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He are also yet give any details of their first day of negotiations.