As much as U.S. President Donald Trump wants to boost markets through a trade pact with China, he will not soften his position that Beijing must make real structural reforms to reach a deal, advisers say.
The United States is pushing for regular reviews of China’s progress on pledged trade reforms as a condition for a trade deal - and could again resort to tariffs if it deems Beijing has violated the agreement.
Chinese and U.S. teams ended trade talks in Beijing on Wednesday that lasted longer than expected and officials said details will be released soon, raising hopes that an all-out trade war can be avoided.
Imports at major U.S. container ports are levelling off after retailers' months-long rush to bring in Chinese merchandise before higher tariffs hit, according to a retail trade report issued on Tuesday.
China has the “good faith” to work with the U.S. to resolve trade frictions, the Foreign Ministry said on Monday as officials of the world’s two largest economies resumed talks in a bid to end their trade dispute.