China-US trade talks have laid foundation for a deal, ministry says

However, the US side is pressing Beijing to scrap or change rules Washington says block market access or improperly help Chinese companies.

Some degree of optimism followed a USA trade delegation home from Beijing on Wednesday, after the most comprehensive trade negotiations held yet between the world's two largest economies since a tit-for-tat tariff battle ensued a year ago.

China and the US wrapped up three days of trade talks, with people familiar with the discussions saying their positions were closer on areas including energy and agriculture but further apart on harder issues.

The trade talks between China and the United States this week have laid a foundation for resolving their disputes, the Ministry of Commerce said on Thursday. It said US negotiators would await "guidance on the next steps" after reporting back to Washington.

McKinney's sentiment echoed that of President Donald Trump, who tweeted early Tuesday that the talks "are going very well!".

But a more hard question may be whether China agrees to monitoring of such a commitment, a condition that US Trade Representative Robert Lighthizer has said is a prerequisite to any deal. Asian stock markets responded well to the news that the two-day meetings would extend to three days.

So far, the US side has described the exchanges in a positive light.

Still time to get flu shots: Sherlock
The CDC recommends that everyone 6-months-old and older get a flu shot every year. The timing of seasonal flu outbreaks vary and can begin as early as late October.

The extra day of talks came amid signs of progress on issues including purchases of USA farm and energy commodities and increased access to China's markets. Liu made a brief appearance at the talks in Beijing on Monday, boosting optimism that China was serious about making progress on a deal. If a "REAL" deal with China is possible, the US will "get it done", Trump tweeted shortly after his dinner with Jinping last month.

It softened its stand by offering a mix of concessions by resuming purchases of United States soybeans, suspended punitive tariffs on imports of U.S. cars and toned down its "Made in China 2025" plan, which aimed at breaking the country's reliance on foreign technology and pull its hi-tech industries up to western levels.

Washington wants Beijing to change its plans to use government support to make Chinese companies world leaders in robotics and advanced technologies. If the talks were successful, they could lead to discussions in Washington between senior officials of both countries, NPR has reported. The council and other USA business groups have pressed for a resolution to the trade hostilities between the world's two biggest economies.

"Negotiations between the two sides in this area made progress", he said. "Talks with China are going very well!" he wrote.

"Even if a deal is cobbled together, the more strident trade hawks in the White House and Trump may not sign off", said Mizuho Bank's Vishnu Varathan in a report.

Last year, the U.S. imposed tariff hikes of up to 25 per cent on Dollars 250 billion of Chinese goods.

Trump and Xi have given their officials until March 1 to reach an accord on "structural changes" to China's economy on issues such as the forced transfer of American technology, intellectual-property rights, and non-tariff barriers.

Related News:



Most liked

US Open contestant among 28 professional tennis players in match-fixing scandal
Authorities said members of the Armenian ring attended the matches to ensure the players complied with what was previously agreed. The investigation had resulted in the freezing of 42 bank accounts and the confiscation of various properties.

Rape coma baby 'nearly died' at Hacienda Healthcare, police confirm
Hacienda HealthCare has promised to work with authorities and welcomed planned DNA tests of employees. Sex abuse investigation underway after a patient in vegetative state for almost a decade gives birth.

Laerskool Schweizer-Reneke teacher suspended over race controversy
A mother of one of the black learners was quoted as saying: "This was meant to be an exciting day for me but it's not". Curro Foundation School in Roodeplaat was found guilty of racism after a probe by the Gauteng education department.

Black Lives Matter Activist Shaun King Implies Innocent Man Committed Murder
The duo - both men were both taken into custody on Saturday - were identified as suspects "based on a tip", officials said. On Dec. 30, Jazmine Barnes was gunned down on a Houston freeway near a Walmart while in the vehicle with her family.

U.S. veteran reportedly held prisoner in Iran for months
The manager said White's wife moved out five months ago after she stopped paying rent for two months and her husband disappeared. White, 46, was detained in Iran after visiting his Iranian girlfriend, his mother told the New York Times on Monday.

Man Arrested After Suspicious Packages Sent To Consulates Throughout Australia
Police said they have identified all the intended recipients and have put procedures in place to recover the outstanding packages. The Australian Federal Police said that 29 packages were being examined, and that the incidents were under investigation.

Iran dismisses as 'lies' reports about USA citizen
She filed a missing persons report after White failed to board his July 27, 2018, flight back to the US , according to the AP. Iran has not yet made public the arrest of White and no specific charges have been made clear.

Apple cuts production plan for new iPhones by 10% for first quarter
Apple's iPhone suppliers include Taiwanese assemblers Hon Hai Precision Industry (Foxconn) and Pegatron. Production volume is expected to be cut to 40 million to 43 million units for the Jan-March quarter.

Djokovic, Federer on opposite sides of Australian Open draw
The limp that has dogged him for 18 months became more pronounced during the second set, with the Scot grimacing at times . It is FREE to attend with seats coming on a first come, first serve basis.

Michael Jackson estate calls sex abuse documentary 'outrageous and pathetic'
Robson previously filed a lawsuit against Jackson's estate in 2013, claiming the Thriller artist abused him in the late "80s. The film is directed by Dan Reed , who won a BAFTA award for his 2014 film " The Paedophile Hunters ".

When Is the Australian Open Draw?
The world number one suffered a shock straight-sets defeat to the experienced Estonian in the opening round of the US Open last August.

Matt LaFleur's Success in Green Bay Ultimately Tied to Aaron Rodgers
LaFleur takes over for Mike McCarthy, who was sacked during the season following a stunning home loss to Arizona on December 2. This team is poised to bounce back this season, but LaFleur needs to get his foundation built with the coaches that he wants.

Adam Gase Hired As Jets Head Coach
Prior to his time as head coach in Miami, Gase was an offensive coordinator with the Chicago Bears and Denver Broncos . A source confirmed to The Athletic that the 40-year-old will become the 19th head coach in franchise history.

Lunar eclipse happening January 20/21, 2019
So, what is a partial solar eclipse and will it be visible in India? The previous lunar eclipse took place on July 27 a year ago . However, Africa, Europe and Asia all get some kind of view of a weird-looking half-full moon turning slightly red.

Alia Bhatt can’t stop blushing when teased about beau Ranbir Kapoor
Ranveer says he feels bad when someone's film doesn't work at the box office as everyone is a part of the same industry. The film celebrates the journey of a boy of Mumbai streets as he goes on to become one of India's most notable rappers.