US-China trade talks center on rivalry over technology

May 3, 2018 by

BEIJING — A high-powered U.S. delegation arrived in Beijing on Thursday for talks with Chinese officials on defusing tensions that are propelling the world’s two largest economies toward a trade war.

Treasury Secretary Steven Mnuchin is leading the group, which includes Commerce Secretary Wilbur Ross and U.S. Trade Representative Robert Lighthizer. Liu He, President Xi Jinping’s top economic adviser, was heading the Chinese side in the talks, which analysts say appear unlikely to yield a breakthrough given the two sides’ intensifying rivalry in strategic technologies.

President Donald Trump said he expected relations with Beijing to stay on an even keel.

“Our great financial team is in China trying to negotiate a level playing field on trade!” he said on Twitter late Wednesday. “I look forward to being with President Xi in the not too distant future. We will always have a good (great) relationship!”

Source: US-China trade talks center on rivalry over technology – The Washington Post

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