Business & Finance

U.S, China to start new rounds of trade talks

The United States Trade Representative’s office has scheduled trade talks with China for Thursday September 19 which would pave the way for high-level talks in October aimed at resolving 14-month trade war.

The U.S. Trade Representative, Robert Lighthizer told business executives he was seeking a real agreement that addresses intellectual property and technology transfer.

Donohue, who spoke at a news conference in Washington said that it would be difficult to secure an agreement fully addressing 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.

Leading the Chinese delegation in the deputy-level talks will be Vice Finance Minister Liao Min, its commerce ministry said on Tuesday.

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

Source: Voice of Nigeria