Chinese Negotiators Head Back to Washington for More Talks
Bloomberg
Published Feb 19, 2019 02:04
Updated Feb 19, 2019 05:15
Chinese Negotiators Head Back to Washington for More Talks
(Bloomberg) -- Chinese and U.S. trade negotiators will start the next round of talks this week in Washington, after discussions in Beijing last week that President Donald Trump called "very productive."
The talks will begin on Tuesday, White House Spokeswoman Sarah Sanders said, with Vice Premier Liu He meeting with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Feb. 21-22, according to a statement from China’s Commerce Ministry. The talks are picking up pace as the March 1 deadline approaches, Steve Censky, the U.S. Department of Agriculture’s deputy secretary said yesterday, "but we still have ways to go."
Trump has said he’s open to pushing back that deadline and he’s considering a 60-day extension for negotiations, people familiar with the matter said last week. However, there were still key differences in the positions of both sides at the end of last week and the threat of further escalation in the trade war if talks fail is adding to uncertainty for the global economy.
The two nations’ presidents agreed on the current truce when they met in December, and it may take another meeting to finalize any deal. Trump has indicated he will need to meet with President Xi Jinping to agree on a final deal, and while no date has been set, a White House aide last week said the U.S. president still wants to meet with his Chinese counterpart soon in a bid to end the trade war.
To contact Bloomberg News staff for this story: Miao Han in Beijing at mhan22@bloomberg.net
To contact the editors responsible for this story: Jeffrey Black at jblack25@bloomberg.net, James Mayger
©2019 Bloomberg L.P.
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