Guidance

U.S., China: Trade Talks End on an Up Note

Feb 1, 2019 | 23:54 GMT
U.S. President Donald Trump talks during an Oval Office meeting with Chinese Vice Premier Liu He, leader of China's trade delegation, on Jan. 31, 2019.

U.S. President Donald Trump talks during an Oval Office meeting with Chinese Vice Premier Liu He, leader of China's trade delegation, on Jan. 31. U.S. and Chinese officials held two days of talks this week in an effort to end their trade war.

(MARK WILSON/Getty Images)

With U.S. President Donald Trump hinting that there is a "good chance" of a trade deal with China, two days of negotiations involving senior officials ended on a high note this week. China's chief negotiator Liu He made a surprise offer to purchase 5 million tons of U.S soybeans when he met with Trump in the White House on Jan. 31. Meanwhile, officials from the U.S. Chamber of Commerce said progress had been made on greater market access and on enforcement of intellectual property rights -- two core U.S. concerns. But it wasn't revealed how much overall progress was made or what divisions remain. Ahead of the talks, China reportedly offered to increase U.S. imports from $155 billion in 2018 to $200 billion in 2019 and to even eliminate its trade surplus with the United States by 2024. And China has taken steps to fast-track domestic legislation that would prohibit...

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