U.S. and China Had 'Constructive Discussions' on 'Core Concerns,' Chinese Commerce Ministry Says
November 16 2019 - 9:35PM
Dow Jones News
By Chao Deng
High-level trade negotiators in the U.S. and China spoke on the
phone this weekend to try to reach a limited trade deal, according
to the Chinese side.
Chief Chinese trade negotiator Liu He spoke with U.S. Trade Rep.
Robert Lighthizer and Treasury Secretary Steven Mnuchin on Saturday
morning in Beijing, China's Commerce Ministry said in a statement.
The two sides spoke at the request of the U.S. and held
"constructive discussions" about their concerns, it said.
The U.S. and China have yet to reach a limited trade deal, as
the Chinese side resists committing to the huge amount of U.S. farm
purchases that President Trump is pushing. The two sides are also
at odds over whether -- and by how much -- the U.S. would agree to
lift tariffs on Chinese imports.
White House economic adviser Lawrence Kudlow said Thursday the
two countries are nearing a trade deal but President Trump isn't
ready to sign off.
Both countries had been working toward an agreement this weekend
at an Asia-Pacific Economic Cooperation summit in Chile, but the
gathering was canceled due to rioting in the host country. Neither
the U.S. nor China has announced expectations for when a deal might
be completed. The U.S. previously threatened to impose a fresh
round of tariffs on Chinese goods in December. Canceling those
tariffs has been under discussion.
Write to Chao Deng at Chao.Deng@wsj.com
(END) Dow Jones Newswires
November 16, 2019 21:20 ET (02:20 GMT)
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