Trade talks with China were productive, says Steven Mnuchin
The US delegation held a banquet with Chinese counterparts at a Beijing hotel on Thursday night, a source says
Beijing — Top US and Chinese trade negotiators had “productive meetings”, US treasury secretary Steven Mnuchin said in a tweet on Friday, as the world’s largest economies wound down two days of high-level talks to resolve their bruising trade war. Mnuchin did not elaborate on the discussions he and US trade representative Robert Lighthizer had with Chinese vice-premier Liu He, a top economic adviser to President Xi Jinping, who the two US officials met later on Friday in Beijing. The US delegation had a banquet with Chinese counterparts at a Beijing hotel on Thursday night, a person with knowledge of the meetings said. But neither country had offered details on how the two sides might de-escalate a tariff war that has roiled financial markets and disrupted manufacturing supply chains. US duties on $200bn worth of imports from China are scheduled to rise to 25% from 10% if no deal is reached by March 1 to address US demands that China curb forced technology transfers and better enfor...
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