US, China hold 2nd day of talks with no tariff decision - News Summed Up

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US, China hold 2nd day of talks with no tariff decision


BEIJING — U.S. and Chinese trade negotiators held a second day of talks Friday after President Donald Trump’s top economic adviser said he has yet to decide whether to escalate a technology dispute by going ahead with a March 2 tariff increase on imports from China. Business groups and economists say this week’s talks are too brief to resolve a sprawling dispute over Beijing’s technology ambitions. They say China’s goal is to persuade Trump to push back the March 2 deadline for a planned duty hike on $200 billion of Chinese imports. The president said Tuesday he might let the March 2 deadline “slide for a little while” if the talks go well. Chinese officials also balk at U.S. pressure to accept an enforcement mechanism to monitor whether Beijing carries out its promises.


Source: Philippine Daily Inquirer February 15, 2019 05:03 UTC



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