Trump to meet with China's top negotiator at White House via ReutersTV. For breaking business news, follow reutersbiz
WASHINGTON - 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 they might be able to ease a bitter 15-month trade war and delay a U.S. tariff hike scheduled for next week.
A smiling Liu waved to reporters before departing the USTR in a black Cadillac, without answering questions. The two sides were due to meet for a final day on Friday. “I believe that there’s even the possibility of a currency agreement this week. I think that could lead to a decision by the U.S. administration to not put forth a tariff rate hike on Oct. 15.”Trump launched the trade war against China with demands for sweeping structural reforms, but Beijing has indicated it is not willing to fundamentally change the way it controls China’s economy.
Washington also restricted visas for certain Chinese officials over the same issue and Beijing was said to be planning to tighten visa restrictions for some U.S. nationals. “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 discussions were not expected to address the most contentious issues in the talks, leaving them for a possible future negotiations.
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