"I think it's in the interests of both China and the United States to have some kind of successful agreement. It is unclear when the formal U.S.-China trade negotiations will restart but the United States is "certainly willing to engage" with China in the discussions, Lighthizer testified. China said on Wednesday positive outcomes were possible in trade negotiations with the United States, after Trump and Xi agreed to revive their troubled talks at the June 28-29 G20 meeting. Washington has already imposed 25% tariffs on $250 billion of Chinese goods, ranging from semi-conductors to furniture, that are imported to the United States. The United States has pressed China to change its practices on intellectual property theft and requirements that U.S. companies share their technology to do business in China.

Source: MetroXpress June 19, 2019 09:00 UTC