China Trade Talks “going very well”, Extend to 3rd Day

China Trade Talks “going very well”, Extend to 3rd Day

President Trump expressed optimism that US-China trade talks in Beijing are progressing well.

Chinese authorities to give a statement following the latest round of negotiations.

“Talks with China are going very well!” President Trump tweeted on Tuesday as the 2nd day of mid-level meetings wrapped up.

While the hosts indicated the talks would run Monday and Tuesday, the discussions will continue Wednesday.

Chinese foreign ministry spokesman Lu Kang told reporters at a regular briefing in Beijing that “I believe we will release a detailed readout after they are concluded.”

US stocks and European equities rose as investors awaited developments on trade talks between the world’s largest economies.

The US negotiators in Beijing are pushing China side to come up with a mechanism to ensure that Beijing keeps the promises it makes.

That includes giving specific dates for making purchases, and making assurances that Beijing won’t hinder US companies from gaining access to China’s market.

Leland Miller, CEO of China Beige Book, a data-analytics firm that surveys companies across the Chinese economy. “Beijing wants to show this is supported at the very highest level.”

The discussions are the first face-to-face interactions between the US and China since both Presidents met in Argentina and agreed to a temporary truce in their trade dispute. More senior-level discussions could take place this month.

President Trump and Chinese Vice President Wang Qishan may meet at the World Economic Forum in Davos, Switzerland according to reports.

Deputy US Trade Representative Jeffrey Gerrish is leading the American delegation in Beijing. Preliminary discussions were “a little more optimistic than usual,” White House economic adviser Larry Kudlow said last Friday in a TV interview.

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