US-China talks to resolve trade war will resume in Washington today

Business Standard US-China talks to resolve trade war will resume in Washington today

The talks are aimed at 'achieving needed structural changes in China that affect trade between the United States and China'

International News: A new round of talks between the United States and China to resolve their trade war will take place in Washington, with follow-up sessions at a higher level later in the week, the White House said .

The talks follow a round of negotiations that ended in Beijing last week without a deal but which officials said had generated progress on contentious issues between the world's two largest economies.

The talks are aimed at "achieving needed structural changes in China that affect trade between the United States and China.

The two sides will also discuss China's pledge to purchase a substantial amount of goods and services from the United States," the White House said in a statement.

The higher-level talks will start and be led by US Trade Representative Robert Lighthizer, a strong proponent of pressing China to end practices that the United States says include forced technology transfers from US companies and intellectual property theft.

China, which denies that it engages in such practices, confirmed that Vice Premier Liu He will visit Washington on Thursday and Friday for the talks.

The White House said Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross, economic adviser Larry Kudlow and trade adviser Peter Navarro would also take part in the talks.

US tariffs on $200 billion in imports from China are set to rise to 25 percent from 10 percent if no deal is reached by March 1...Read More