In Washington, a new round launched of trade negotiations between the US and China | FREE NEWS

In Washington, a new round launched of trade negotiations between the US and China

The last large scale talks between the parties took place in July and did not bring a breakthrough.

Another round of trade talks between the US and China begins in Washington on Thursday.

“US trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will host a Chinese delegation led by Vice Premier Liu Khe to continue trade talks between the two countries starting October 10, 2019,” the White House said in a statement. – The parties will continue the work started during the negotiations at the Deputy level last week. Topics to be discussed will include forced technology transfer, intellectual property rights, services, non-tariff barriers, agriculture, and enforcement measures.”

The last large-scale talks between the parties took place in July, but they did not bring significant progress in resolving the trade dispute between the world’s two largest economies.

Washington and Beijing have been waging a tariff war for more than a year, sparked by US President Donald Trump’s demand that China changes its policies on trade, subsidies and intellectual property rights. China insists that the US trade policy is aimed at suppressing its competitiveness.

The situation caused uncertainty in the financial markets and caused unpleasant consequences for many companies.

President Trump last month announced he was moving the imposition of a new round of duties on $ 250 billion worth of Chinese goods from October 1 to October 15 “as a gesture of goodwill.” China responded by lifting duties on US soybeans, pork and some other farm products.