US, China hold new round of tariff war negotiations

# 18:47
1 May 2019

American and Chinese trade negotiators met Wednesday for talks on their bruising tariff war after Treasury Secretary Steven Mnuchin said the U.S. side might be moving toward a decision on whether to make a deal with Beijing, ONA reports citing Associated Press. 

Wednesday’s atmosphere appeared amicable. Mnuchin and U.S. Trade Representative Robert Lighthizer, along with China’s economic czar, Vice Premier Liu He, smiled for photos and shook hands after their one-day meeting.

But they said nothing to reporters and no details were announced after the talks at a Chinese government guest house. Both governments have said they were making progress. That has helped to calm jittery financial markets. In a statement, White House press secretary Sarah Sanders said the discussions “remain focused toward making substantial progress on important structural issues” and the talks would continue next week in Washington. The U.S. wants China to roll back industry development plans it says are based in part on stolen technology and that violate its market-opening commitments.