U.S.-China trade talks end; no break­throughs

The Denver Post - - BUSINESS - By Paul Wise­man and Josh Boak

WASH­ING­TON» U.S. and Chi­nese of­fi­cials on Wednes­day wrapped up high-level talks with­out an­nounc­ing any break­throughs on the con­tentious eco­nomic is­sues that di­vide them.

The day­long talks at the Trea­sury De­part­ment be­gan with prickly com­ments from both sides. Chi­nese Vice Premier Wang Yang said the world’s two big­gest economies need to co­op­er­ate and warned that “con­fronta­tion will im­me­di­ately dam­age the in­ter­ests of both.”

Trea­sury Sec­re­tary Steven Mnuchin called for Bei­jing to pro­vide more ac­cess to U.S. firms and to help re­duce Amer­ica’s trade deficit with China. He blamed the trade gap — $347 bil­lion in goods last year — on “Chi­nese gov­ern­ment in­ter­ven­tion in its econ­omy.”

Af­ter tak­ing of­fice, the Trump ad­min­is­tra­tion reached an agree­ment with China to con­tinue the high-level meet­ings that were be­gun in the Ge­orge W. Bush ad­min­is­tra­tion and con­tin­ued in the Obama ad­min­is­tra­tion.

A one-day ses­sion on se­cu­rity is­sues was held last month. The ses­sion Wednes­day cov­ered eco­nomic is­sues.

Ear­lier, the two sides had can­celed planned news con­fer­ences with­out say­ing why.

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