US, China to Begin Third Round of Trade, Economic Talks
Negotiators from China and the United States will resume talks this week to resolve the ongoing trade war between the world’s biggest economies.
The White House says a third round of negotiations will take place Tuesday and Wednesday in Washington between lower-level deputies before moving on to senior-level talks beginning Thursday. The statement said the talks will focus on “achieving needed structural changes in China that affect trade” between the United States and China.
Washington has long complained that Beijing forces U.S. companies to transfer their technology advances to Chinese firms, and that it limits access to China’s vast market. The Trump administration has imposed punitive tariffs on $250 billion worth of Chinese imports to compel China to changes its trading practices, prompting Beijing to retaliate with its own tariff increases on $110 billion of U.S. exports.
The trade talks are the result of an agreement in December between U.S. President Donald Trump and Chinese President Xi Jinping to stop the tit-for-tat tariff conflict for 90 days starting on New Year’s Day.
The administration has threatened to raise tariffs from 10 percent to 25 percent if a deal is not reached by March 2, but President Trump said last week he may be willing to push back the deadline depending on how well the talks are going.
Vice Premier Liu He, Beijing’s top economic and trade negotiator, will again lead the Chinese side, while the United States will be led by Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin and Commerce Secretary Wilbur Ross, along with Larry Kudlow and Peter Navarro, President Trump’s top economic and trade advisors.