Top U.S. and Chinese negotiators wrapped up a first day of trade talks in more than two months on Thursday as business groups expressed optimism the two sides might be able to ease a 15-month trade war and delay a U.S. tariff hike scheduled for next week.
U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer met with Vice Premier Liu He and other senior Chinese officials for about seven hours at the USTR's headquarters near the White House.
"We had a very, very good negotiation with China," U.S. President Donald Trump told reporters after the talks concluded.
The mood surrounding the talks had soured earlier this week when the U.S. government blacklisted 28 Chinese public security bureaus, technology and surveillance firms, including video surveillance gear maker Hikvision, over allegations of abuses of Muslim minorities in China.
"The Chinese side came with great sincerity, willing to cooperate with the U.S. on the trade balance, market access and investor protection," Xinhua quoted Liu as saying on Thursday.
The U.S. Agriculture Department said on Thursday that private exporters reported a snap sale of 398,000 tonnes of soybeans to China, part of a flurry of purchases the top buyer of the oilseed has made since granting tariff waivers to some importers to buy U.S. soy as a goodwill gesture.
NON-CORE ISSUES. The two sides have been at loggerheads over U.S. demands that China improve protections of American intellectual property, end cyber theft and the forced transfer of technology to Chinese firms, curb industrial subsidies and increase U.S. companies' access to largely closed Chinese markets.
https://www.reuters.com/article/us-usa-trade-china/u-s-china-resume-high-level-talks-to-end-grueling-trade-war-idUSKBN1WP0H6?feedType=RSS&feedName=technologyNews
U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer met with Vice Premier Liu He and other senior Chinese officials for about seven hours at the USTR's headquarters near the White House.
"We had a very, very good negotiation with China," U.S. President Donald Trump told reporters after the talks concluded.
The mood surrounding the talks had soured earlier this week when the U.S. government blacklisted 28 Chinese public security bureaus, technology and surveillance firms, including video surveillance gear maker Hikvision, over allegations of abuses of Muslim minorities in China.
"The Chinese side came with great sincerity, willing to cooperate with the U.S. on the trade balance, market access and investor protection," Xinhua quoted Liu as saying on Thursday.
The U.S. Agriculture Department said on Thursday that private exporters reported a snap sale of 398,000 tonnes of soybeans to China, part of a flurry of purchases the top buyer of the oilseed has made since granting tariff waivers to some importers to buy U.S. soy as a goodwill gesture.
NON-CORE ISSUES. The two sides have been at loggerheads over U.S. demands that China improve protections of American intellectual property, end cyber theft and the forced transfer of technology to Chinese firms, curb industrial subsidies and increase U.S. companies' access to largely closed Chinese markets.
https://www.reuters.com/article/us-usa-trade-china/u-s-china-resume-high-level-talks-to-end-grueling-trade-war-idUSKBN1WP0H6?feedType=RSS&feedName=technologyNews
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