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US, China trade talks seem optimistic

BEIJING: The extended US-China talks to resolve the trade war between the world’s two largest economies concluded here on a positive note Wednesday (Jan. 9) with a senior American official describing the dialogue as “good one” for the US.

A US delegation arrived in Beijing on Monday for the first face-to-face dialogue with officials in Beijing since President Donald Trump and his Chinese counterpart Xi Jinping agreed to a three-month tariff truce during a meeting held on the sidelines of the G-20 summit in Argentina on December 1.

The US delegation was supposed to end its visit on Tuesday. However, the two-day vice-ministerial talks were extended till Wednesday which China said reflected the seriousness of the negotiations.

“It’s been a good one for us,” Ted McKinney, US Under Secretary for Trade and Foreign Agricultural Affairs, said after the talks concluded.

The discussions “went just fine”, he said without elaborating, the Hong Kong-based South China Morning Post reported.

Source: The Economic Times

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