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Friday, 29 March 2019 15:00

U.S., China hold 'constructive' talks in Beijing

U.S., China hold 'constructive' talks in Beijing

U.S. Treasury Secretary Steven Mnuchin held “constructive” talks in Beijing, he said on Friday, concluding the latest round of dialogue aimed at resolving the bitter trade dispute between the world’s two largest economies, Caspian Energy News (www.caspianenergy.net) reports with reference to Reuters.

Mnuchin and U.S. Trade Representative Robert Lighthizer were in the Chinese capital for the first face-to-face meetings between the two sides in weeks after missing an initial end-of-March deadline.

“The U.S. Trade Representative and I concluded constructive trade talks in Beijing,” Mnuchin said on social network Twitter. “I look forward to welcoming China’s Vice Premier Liu He to continue these important discussions in Washington next week,” he added, but gave no details.

Trump imposed tariffs on $250 billion of Chinese imports last year in a move to force China to change the way it does business with the rest of the world and to pry open more of its economy to U.S. companies.

On Thursday, Premier Li Keqiang said Beijing would sharply expand market access for foreign banks and securities and insurance companies, fuelling speculation that China may soon announce new rules allowing foreign financial firms to increase their presence.

White House economic adviser Larry Kudlow said the United States may drop some tariffs if a trade deal is reached, while keeping others in place to ensure Beijing’s compliance.

More details: https://www.reuters.com/article/us-usa-trade-china/u-s-china-hold-constructive-trade-talks-in-beijing-idUSKCN1RA02V

Person in charge of the newsline: Olga Nagiyeva 

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