5/8/2019

China Agrees to Continue Trade Talks with U.S.

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China’s top trade negotiator has agreed to meet with his U.S. counterparts in Washington, D.C., on May 9 to continue efforts to end the trade war between the countries.

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China’s top trade negotiator has agreed to meet with his U.S. counterparts in Washington, D.C., on May 9 to continue efforts to end the trade war between the countries.

Vice Premier Liu He is set to participate in negotiations that will begin tomorow evening. President Donald Trump has threatened to hike tariffs on $200 billion worth of Chinese goods to 25% from 10% on Friday if no deal is reached.

Both sides had been voicing optimism about an agreement until last weekend. That’s when U.S. negotiators reported that China had walked back earlier pledges.

Observers say the primary roadblock appears to be a U.S. demand that China make legislative changes to protect U.S. intellectual property and provide a rigorous way to enforce compliance. Chinese negotiators want to handle such issues through regulatory and administrative means.