US, China draw outline to end trade war
washington — The United States and China have started to outline commitments in principle on the stickiest issues in their trade dispute, marking the most significant progress yet towards ending a seven-month trade war, according to sources familiar with the negotiations.
The world’s two largest economies have slapped tit-for-tat tariffs on hundreds of billions of dollars of goods, slowing global economic growth, skewing supply chains and disrupting manufacturing.
As officials hold high level talks on Thursday and Friday in Washington, they remain far apart on demands made by
There’s a lot of optimism in the markets on the outcome of the negotiations and zero detail on the actual result US President Donald Trump’s administration for structural changes to China’s economy.
But the broad outline of what could make up a deal is beginning to emerge from the talks, the sources said, as the two sides push for an agreement by March 1. That marks the end of a 90-day truce that Trump and Chinese President Xi Jinping agreed to when they met in Argentina late last year.
Negotiators are drawing up six memorandums of understanding on structural issues: forced technology transfer and cyber theft, intellectual property rights,
Markets are hopeful that the sides [the US and China] will find some form of pathway to a solution
Jeffrey Halley, Senior market analyst at Oanda
Joshua Mahony, Analyst at IG