U.S. and China Had 'Constructive Discussions' on 'Core Concerns,' Chinese Commerce Ministry Says

Date : 11/17/2019 @ 2:35AM
Source : Dow Jones News

U.S. and China Had 'Constructive Discussions' on 'Core Concerns,' Chinese Commerce Ministry Says

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)

Copyright (c) 2019 Dow Jones & Company, Inc.


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.