U.S., China resume high-level trade talks as non-core concessions seen possible

U.S., China resume high-level trade talks as non-core concessions seen possible

WASHINGTON (Reuters) – Top U.S. and Chinese negotiators met on Thursday for the first time since late July to try to ease a bitter 15-month trade war and business groups expressed optimism that they might be able to find enough common ground to delay a U.S. tariff hike scheduled for next week. China’s Vice Premier Liu He gestures to the media between U.S. Trade Representative Robert Lighthizer (L) and Treasury Secretary Steve Mnuchin before the two countries’ trade negotiations in Washington, U.S., October 10, 2019. REUTERS/Yuri Gripas Lower-level “early harvest” agreements on issues such as currencies and copyright protections were possible despite increased irritants between the world’s two largest economies, a U.S. Chamber of Commerce official briefed by both sides said. Myron Brilliant, the Chamber’s head of international affairs, told reporters that negotiators were “trying to find a path toward the bigger deal” with progress on market access and less controversial intellectual property and other issues. “I believe that there’s even the possibility of a currency agreement this week. I think that could lead to a decision by the U.S. administration to not put forth a tariff rate hike on Oct. 15.” U.S. President Donald Trump sent another optimistic signal about the talks, tweeting on Thursday that he would meet with China’s top negotiator, Vice Premier Liu He at the White House on Friday. “Big day of negotiations with China,” Trump said on Twitter. “They want to make a deal, but do I?” U.S. Treasury Secretary Steven Mnuchin and […]

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