US to send trade delegation to China next week
- April 24, 2019
- Posted by: consortiumconsultancy
- Category: Uncategorized
- The U.S. will send a high-level delegation to Beijing next week as trade negotiations with China continue.
- Both sides have met several times in a bid to hammer out a deal to end their protracted trade war.
- The talks so far have focused on a range of issues including forced technology transfer, theft of intellectual property, as well as structural reforms.
The U.S. will send a high-level delegation to Beijing next week as trade negotiations with China continue.
U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will head to Beijing for talks that start on April 30, Press Secretary Sarah Huckabee Sanders said in a statement. They will meet with Chinese Vice Premier Liu He.
Following those talks, Liu will lead a delegation to Washington for further discussions that begin on May 8.
The world’s two largest economies have been embroiled in a trade dispute since last year that spooked world markets and hurt global growth. The Trump administration imposed levies on $250 billion of Chinese goods, and China retaliated by placing its own tariffs on $110 billion of American products.
Both sides have met several times in a bid to hammer out a deal to end their protracted trade war. The talks so far have focused on a range of issues including forced technology transfer and structural reforms. Washington has also accused Beijing of intellectual property theft — something China has always denied.
Earlier this month, Chinese state news agency Xinhua reported that a new consensus on a U.S.-China trade agreement had been reached. Chinese President Xi Jinping, through a message conveyed by Liu, told President Donald Trump that both sides had made new and substantial progress on key issues regarding trade in the past month, Xinhua reported.
Here is the statement released by the U.S. press secretary: