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U.S., China upbeat on trade talks, but South China Sea tensions weigh
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China upbeat on U.S. trade talks, but South China Sea tensions weigh
China struck an upbeat note on Monday as trade talks resumed with the United States, but also expressed anger at a U.S. Navy mission through the disputed South China Sea, casting a shadow over the prospect for improved Beijing-Washington ties. The United States is expected to keep pressing China on longstanding demands that it reform how it treats American companies' intellectual property in order to seal a trade deal that could prevent tariffs from rising on Chinese imports.
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U.S., China upbeat on trade talks, but South China Sea tensions weigh
BEIJING/WASHINGTON (Reuters) - U.S. and Chinese officials expressed hopes on Monday that a new round of talks would bring them closer to easing their seven-month trade war, but a U.S. Navy mission through the disputed South China Sea cast a shadow over the negotiations in Beijing. The world's two largest economies are trying to hammer out a deal before a March 1 deadline, after which U.S. tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25 percent from 10 percent. Washington is expected to keep pressing Beijing on long-standing demands that it make sweeping structural reforms to protect American companies' intellectual property, or IP, end policies aimed at forcing the transfer of technology to Chinese companies, and curb industrial subsidies.
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