U.S., Chinese trade deputy talks to start on Thursday: USTR

By David Lawder WASHINGTON (Reuters) - Deputy-level U.S.-China trade talks are scheduled to start in Washington on Thursday, the U.S. Trade Representative's office said on Monday, paving the way for high-level talks in October aimed at resolving a bitter trade war. A USTR spokesman did not offer any further details about the deputy-level talks.

Reuters September 17, 2019 04:07:19 IST
U.S., Chinese trade deputy talks to start on Thursday: USTR

US Chinese trade deputy talks to start on Thursday USTR

By David Lawder

WASHINGTON (Reuters) - Deputy-level U.S.-China trade talks are scheduled to start in Washington on Thursday, the U.S. Trade Representative's office said on Monday, paving the way for high-level talks in October aimed at resolving a bitter trade war.

A USTR spokesman did not offer any further details about the deputy-level talks.

Earlier, U.S. Chamber of Commerce chief executive Tom Donohue said that U.S. Trade Representative Lighthizer told business executives that he was seeking a "real agreement" that addresses intellectual property and technology transfer issues first raised by the USTR two years ago.

Donohue, speaking at a news conference to urge congressional approval of the U.S.-Mexico-Canada trade agreement, said that Lighthizer "did indicate that there was some movement in the direction of purchasing of (U.S.) agricultural products and other issues."

But Lighthizer gave no indication that the talks may produce an interim deal with a more limited scope, as suggested by some media reports, Donohue said.

The head of the biggest U.S. business lobbying group added that it would be difficult to secure an agreement that fully addresses U.S. demands for sweeping changes to China's intellectual property and technology transfer practices, market access and subsidy issues.

"While I'm optimistic about it, I'm also a dead-ass realist and this is not a simple problem," Donohue said of the new round of talks.

Lighthizer and U.S. Treasury Secretary Steven Mnuchin are expected to meet with China's top negotiator, Vice Premier Liu He, in early October.

President Donald Trump last week delayed a tariff increase that had been scheduled for Oct. 1 on $250 billion worth of Chinese goods after China also delayed tariffs on some U.S. imports.

The world's two largest economies have not held in-person talks since late July towards resolving their 14-month trade war, which has roiled markets, disrupted supply chains and threatened global growth.

Economic factors are weighing on both sides, said Stephen Kho, former acting chief counsel on China enforcement at USTR who is now a partner at Akin Gump law firm.

"Both sides are feeling the pain now. So an interim deal could be done, but if they're looking for a comprehensive deal ... that will be very hard," Kho said.

(Reporting by David Lawder, Additional reporting by Andrea Shalal; Editing by Angus MacSwan, Dan Grebler and Sandra Maler)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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