US China trade talks one day only as tensions flare

Marco Green
October 10, 2019

The Chinese insist they came in good faith and while they are making soybean and wheat purchases, at larger volumes than expected, the US will not agree to the suspension of tariffs which shows a lack of sincerity.

With trade talks between the world's two largest economies, the USA and China, about to begin on Thursday, media reports suggest that Beijing is ready to negotiate a partial trade deal.

Would love to make a trade deal with China if it is the right deal.

The Financial Times reports that officials in China are offering to increase annual purchases of United States agricultural products by $10 billion a year in order to reach a partial deal.

Thinks China wants to make a trade deal more than he does.

The two sides have been at loggerheads over US demands that China improve protections of American intellectual property, end cyber theft and the forced transfer of technology to Chinese firms, curb industrial subsidies and increase USA companies' access to largely closed Chinese markets.

Trade negotiations between Washington and Beijing deputies have proved unproductive prior to high levels talks that are now scheduled to be cut short.

The 15-month-old trade war between Washington and Beijing is dragging down the global economy and threatening to upend decades-old trade systems.

Without significant progress, Trump is set to hike the tariff rate on US$250 billion worth of Chinese goods to 30 per cent from 25 per cent next Tuesday.

While previous lower-level talks between USA and Chinese officials aimed to create a good atmosphere for the upcoming meeting, the United States blacklisting of Chinese entities has generated a negative atmosphere instead, Chinese officials told Reuters.

Other reports by Click Lancashire

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