U.S., China see progress in Beijing trade talks

US, China to resume ‘candid’ trade talks

"If it's not a great deal, we can't do it".

Chinese Vice Premier Liu He, also a member of the Political Bureau of the Communist Party of China Central Committee and chief of the Chinese side of the China-US comprehensive economic dialogue, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin co-hosted the eighth round of China-US high-level economic and trade consultations in Beijing from March 28 to 29.

Government representatives from the US and China on Friday concluded a fresh round of constructive trade negotiations here ahead of another round of talks in Washington that could pave the way for a meeting between US President Donald Trump and his Chinese counterpart Xi Jinping to sign off on a deal later in the month.

The burst of diplomacy suggests both sides remain determined to reach an agreement that would avoid escalation of a trade war that has seen them impose duties on $360 billion of each others' imports. "This is policy- and enforcement-dependent", White House economic adviser Larry Kudlow said in a speech in Washington on Thursday.

Expressing a true-blue optimism over an affirmative outcome on trade talks sooner than anticipated, the official said, "If you looked at the texts a month ago compared to today, we have moved forward in all areas".

But the Iowa Republican, whose state has been hit hard by China's retaliation against US tariffs, added that without an effective enforcement mechanism to hold China to its promises, "none of this other stuff matters". "We're not talking about removing [tariffs], we're talking about leaving them for a substantial period of time, because we have to make sure that if we do the deal with China that China lives by the deal", Trump told reporters on the White House lawn, according to CNBC.

Though his blunt-force use of tariffs has angered many, Trump's push to change what are widely viewed as China's market-distorting trade and subsidy practices has drawn broad support. The talks, aimed at resolving a almost nine-month trade dispute between the world's two largest economies, were called "candid and constructive" by Washington.

McIlroy closing in on knockout-stage spot; Woods on brink of exit
"It's going to be exciting for the fans and for the two of us as well", McIlroy said. "I was exhausted the past couple of days". Woods went from two up to one down around the turn, and then he regained control when Wise missed too many short par putts.

Analysts had anticipated the scope of this round of talks to be quite narrow, but that both countries hoped to signal they were working hard toward a resolution.

One person with knowledge of the talks said "translation is definitely an issue", referring to discrepancies between the Chinese- and English-language versions.

There remains scepticism that any deal can permanently resolve U.S.

Inclusive of Trump's demands are that Beijing stops from practices that Washington insinuates results in the theft of US intellectual property and the transfer of American technology to Chinese companies.

Among some of their complaints are that USA companies claim that they are forced to hand over the technological know-how of their products to Chinese partners, and the local officials or Chinese regulators on a conditional basis for doing business in China.

Proposals by the Chinese have been preposterous inclusive of technological transfers than it has done before, said one of the four senior USA administration officials.

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