New round of U.S.-China trade start Tuesday
U.S and China negotiators head to the table once again this week to try and hammer out a trade deal. Justin Solomon reports.
A new round of trade talks between the U.S. and China is set to kick off on Tuesday (February 19).
The White House says the two sides will meet in Washington, with follow-up sessions at a higher level taking place later in the week.
China’s vice premier and chief trade negotiator Liu He will be part of those talks.
He’ll be touching down in Washington on Thursday.
This comes after last week’s negotiations in Beijing ended without a deal.
On Friday (February 15) President Trump was positive about progress at the Beijing talks.
“We’re very much working very closely with China and President Xi, who I respect a lot, very good relationship that we have. And we’re a lot closer than we ever were in this country with having a real trade deal.”
Officials had said last week’s talks generated progress between the two trading partners prompting investors to become mildly optimistic that a compromise between the two countries could be reach by the March 1 deadline.
But the White House says more work needs to be done to force changes in Chinese trade behavior.
U.S. tariffs on 200 billion dollars worth of Chinese goods are set to bump up from 10 percent to 25 percent if no deal is reached by the deadline.
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