Friday 4 May 2018

Chances for US-China trade breakthrough seen slim in Beijing talks- International News


The most likely outcome for tense US-China trade talks launching on Thursday is an agreement to keep talking, with US President Donald Trump maintaining his threat to press ahead with punitive tariffs on Chinese goods, trade experts say.

A breakthrough deal to fundamentally change China's economic policies is viewed as highly unlikely, though a package of short-term Chinese measures could delay a US tariff decision.
The discussions, led by US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He, are expected to cover a wide range of US complaints about China's trade practices, from allegations of forced technology transfers to state subsidies for technology development.

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