Anonymous ID: 1922ef Jan. 11, 2019, 5:52 a.m. No.4709757   🗄️.is 🔗kun   >>9987 >>0145 >>0200

US: CHINA’S TOP TRADE NEGOTIATOR TO VISIT SOON

 

U.S. officials expect a visit from China’s top trade negotiator this month in Washington, signaling that higher-level discussions are likely to follow this week’s talks with midlevel officials in Beijing as the world’s two largest economies try to reach a deal to end a tit-for-tat tariff war.

 

“The current intent is that the Vice Premier Liu He will most likely come and visit us later in the month and I would expect the government shutdown would have no impact,” U.S. Treasury Secretary Steven Mnuchin told reporters Thursday in Washington. “We will continue with those meetings just as we sent a delegation to China.”

 

The U.S. government is in the 20th day of a partial shutdown with President Donald Trump, a Republican, and congressional Democrats feuding over funding and Trump’s desire for a wall on the U.S.-Mexico border.

 

People familiar with the talks in Beijing said Thursday that hopes were mounting that Liu would continue talks with U.S. Trade Representative Robert Lighthizer and Mnuchin.

 

Higher level, key decisions

 

Talks at that level are viewed as important for making the key decisions to ease a festering trade war, which has disrupted trade flows for hundreds of billions of dollars worth of goods and roiled global markets.

 

Trump has demanded better terms of trade with China, with the United States pressing Beijing to address issues that would require structural change such as intellectual property theft, forced technology transfers and other non-tariff barriers.

 

On Thursday Trump said the United States was having “tremendous success” in its trade negotiations with China. A spokeswoman for Lighthizer’s office declined to comment.

 

​Few details on progress

 

More than halfway through a 90-day truce in the U.S.-China trade war agreed on Dec. 1 when Trump and Chinese President Xi Jinping met at the G20 summit in Argentina, there have been few details provided of any progress made.

 

Trump has vowed to increase tariffs on $200 billion worth of Chinese imports March 2 if China fails to take steps to protect U.S. intellectual property, end policies that force American companies to turn over technology to a Chinese partner, allow more market access for U.S. businesses and reduce other non-tariff barriers to American products.

 

Ambitious timeline and hope

 

The timeline is seen as ambitious, but the resumption of face-to-face negotiations has bolstered hopes of a deal.

 

“We have the two sides back at the table. That’s encouraging,” said Myron Brilliant, the U.S. Chamber of Commerce’s head of international affairs, while speaking to reporters at an event Thursday.

 

China’s commerce ministry said Thursday that additional consultations with the United States were being arranged after the Beijing talks addressed structural issues and helped establish a foundation to resolve U.S. and Chinese concerns.

 

Commerce ministry spokesman Gao Feng told reporters the two sides were “serious” and “honest.”

 

Asked about China’s stance on issues such as forced technology transfers, intellectual property rights, non-tariff barriers and cyber attacks, and whether China was confident it could reach agreement with the United States, Gao said these issues were “an important part” of the Beijing talks.

 

“There has been progress in these areas,” he said without elaborating.

 

China has repeatedly played down complaints about intellectual property abuses, and has rejected accusations that foreign companies face forced technology transfers.

 

‘Cordial standoff’

 

Discussions on those issues were an extensive part of the talks, said people in Washington familiar with the discussions.

 

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