(Joe McDonald & Paul Wiseman – Associated Press)
U.S. and Chinese trade negotiators are meeting this week for talks President Donald Trump says will help decide whether he escalates a technology dispute by going ahead with a March 2 tariff hike on $200 billion of imports from China.
Two days of talks starting Thursday allow too little time to resolve the war over Beijing’s technology ambitions that threatens to drag on weakening global economic growth, businesspeople and economists say. They believe China’s goal is to make enough progress to persuade Trump to extend his deadline.
There are few signs of movement on the thorniest issue: Washington’s demand that Beijing scale back its efforts to nurture world leaders in robotics and other technologies. China’s trading partners say the state support for industries violates Beijing’s market-opening obligations and some American officials worry they might erode U.S. industrial leadership. Click here to read more.
- Chinese President Xi Jinping to Meet Top U.S. Delegation on Friday in Pursuit of Trade War Deal (SCMP)
- ‘So Far, So Good,’ Mnuchin Says of Trade Talks in China (Reuters)
- Where? When? How? China and United States at Odds Over Right Place and Time for Next Xi-Trump Summit (SCMP)
- Stocks Advance as US-China Trade Hopes Grow (Bloomberg)
- Wall Street Rises on US-China Trade Deal Hopes (Reuters)