BEIJING - China and the US ended the second day of high-stakes trade talks Friday with "big differences", Beijing said, leaving the world's two largest economies on the brink of a trade war that could have knock-on effects on the global economy. "The two sides exchanged views on expanding US exports to China, trade in services, bilateral investment, protection of intellectual property rights, resolution of tariffs and non-tariff measures," Xinhua said. - Detailed List -China is confused about what the US actually wants, said Zhang Monan, a researcher at the influential think-tank China Center for International Economic Exchanges. The American pressure on Beijing has heightened, she said, even as Beijing has taken several steps to liberalise its markets. - Trade data -The talks may have received some tailwinds from the latest trade data out of Washington, showing the US global trade deficit narrowing in March.

Source: Bangkok Post May 04, 2018 12:45 UTC