Media

Home page

Media

Deal or no deal, U.S.-China trade talks may finish in weeks

13 March 2019 00:09 (UTC +04:00)

The United States and China may be in the final weeks of discussions to hammer out a deal to ease their tit-for-tat tariffs dispute, U.S. Trade Representative Robert Lighthizer said on Tuesday, ONA reports citing Reuters.

Washington and Beijing have slapped import duties on each other’s products that have cost the world’s two largest economies billions of dollars, roiled markets and disrupted manufacturing and supply chains.

The U.S. government is pressing for an end to practices and policies it argues have given Chinese firms unfair advantages, including subsidizing of industry, limits on access for foreign companies and alleged theft of intellectual property.

“Our hope is we are in the final weeks of having an agreement,” Lighthizer, the top U.S. trade official, said during a U.S. Senate Finance Committee hearing on Tuesday, though he cautioned that major issues remained.