Update on US-China Trade Talks: Top Officials Set to Travel
Arslan Butt • 1 min read
US and China trade talks seem to be making progress, with latest reports from the White House announcing that US Trade Representative Robert Lighthizer and Treasury Secretary Steve Mnuchin will be traveling to China on April 30 to start discussions. The Chinese delegation led by Vice Premier Liu He will also be traveling to Washington on May 8 following this upcoming round of discussions.
Looks like the tit-for-tat tariff wars that started last year could soon be coming to an end as the world’s two largest economies sort out their differences. On Tuesday, Director of the White House National Economic Council, Larry Kudlow, confirmed that both sides have made significant progress, but that there are still some structural issues on technology transfers to be worked on.
The US wants China to reduce industrial subsidies and put an end to forced technology transfers by American companies looking to enter the Chinese market.