US-China Trade Talks Progressing Quickly

US-China Trade Talks Progressing Quickly

FLASH: Talks of Summit flourish in Washington and Beijing

President Trump and Treasury Secretary Steven Mnuchin said on Thursday that discussions with China to end a months-long trade dispute are progressing quickly.

Washington and Beijing have been locked in a tariff battle as US officials press China for an end to practices and policies it argues have given Chinese firms unfair advantages, including subsidizing of industry, limits on access for foreign companies and alleged theft of intellectual property.

“We’re doing very well with China talks,” President Trump told reporters at the White House. “We’re getting what we have to get, and I think we’re getting it relatively quickly.”

In separate remarks to lawmakers Thursday, Treasury SSecretary Mnuchin said he expects elements of the discussions to be resolved in the near future, as the 2 sides pour over a 150-page document they are working on.

“I expect that something will resolve in the near future,” he said during a hearing in the US House of Representatives.

“As to whether or not we’ll strike a final deal, that I would never want to say,” President Trump said Thursday. “If it’s not a deal that’s a great deal for us, we’re not going to make it.” AKA, “All or Nothing at All”.

President Trump decided last month not to increase tariffs on Chinese goods at the beginning of March, giving a nod to the success of negotiations so far.

A person familiar with the matter told Reuters there “were rumblings” about a possible meeting late next month. 

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