(Bloomberg) — The Trump administration confirmed it will hold two days of talks this week in Washington to discuss structural changes to China’s economy and Beijing’s pledge to buy more American goods.
The U.S. delegation will be led by U.S. Trade Representative Robert Lighthizer, the White House said Monday. The U.S. group will also include Treasury Secretary Steven Mnuchin, Secretary of Commerce Wilbur Ross, Assistant to the President for Economic Policy Larry Kudlow, and Assistant to the President for Trade and Manufacturing Policy Peter Navarro. The Chinese delegation will be led by Vice Premier Liu He.
President Donald Trump and China’s Xi Jinping have given their officials until March 1 to reach a lasting truce to their trade war. The two sides will discuss “structural changes” to China’s economic system, as well as Chinese pledges to buy more U.S. goods and services, according to the White House statement.
The talks come at a tense time for U.S.-China relations. U.S. prosecutors are planning to file criminal charges related to Huawei Technologies Co., China’s largest smartphone maker, a person familiar with the matter told Bloomberg News.
Huawei has been the target of a broad U.S. crackdown over allegations it has stolen trade secrets, violated sanctions against Iran and sold equipment that could be used by the China’s Communist Party for spying.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Source: Investing.com
