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China and US begin new round of trade talks

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Staff Writer | Monday January 7, 2019 7:54AM ET
Jeffrey Gerrish
World   Deputy trade representative Jeffrey Gerrish

American officials began a fresh round of trade talks in China on Monday amid calmer financial markets after moves by both country's central banks at the end of last week.


A US team led by deputy trade representative Jeffrey Gerrish landed in the People's Republic over the weekend, bringing a delegation that included agriculture, energy, commerce, treasury and State Department officials.

Chinese Foreign Ministry spokesman Lu Kang said envoys will have "positive and constructive discussions" during meetings on Monday and Tuesday.

US and China are meeting for the sixth round of talks since Washington began the trade skirmish last summer, but the first since Donald Trump and Xi Jinping's early-December agreement to suspend tariff increases for 90 days, while also looking to reach an understanding on technology transfers, intellectual property theft and cybersecurity.

If nothing is agreed by 1 March, US tariffs on $200bn (£160bn) of Chinese goods will increase from the current 10% to 25%.

 

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