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In Beijing Talks, U.S. Seeks Details on Chinese Goods Purchases, Trade Promises

Posted January 11, 2019

Under Economic Issues, International Trade Issues

(Michael Martina & David Lawder – Reuters)

U.S. officials used three days of trade talks in Beijing to demand more details on China’s pledge to make big purchases of American goods, as well as to push for ways to hold China to any commitments on changes to industrial policies.

The meetings in China were the first face-to-face negotiations since U.S. President Donald Trump and Chinese President Xi Jinping met in Buenos Aires in December and agreed a 90-day truce in a trade war that has disrupted the flow of hundreds of billions of dollars of goods.

Washington has presented Beijing with a long list of demands that would rewrite the terms of trade between the world’s two largest economies. They include changes to China’s policies on intellectual property protection, technology transfers, industrial subsidies and other non-tariff barriers to trade. Click here to read more.