China Trade Talks Wrap Up After Extending To Third Day

China Trade Talks Wrap Up After Extending To Third Day

China Trade Talks Wrap Up After Extending To Third Day

U.S. President Donald Trump says the talks with China are going very well. but the details of the discussions in Beijing remain far and few between right now.

The negotiations, which were originally scheduled to last just two days, mark the first time that large mid-level trade delegations have met to hash out specifics of a potential deal since the Trump administration first slapped tariffs on Chinese goods. The S&P 500 Index has fallen about 8% since Trump and Chinese President Xi Jinping agreed on a 90-day truce at a December 1 meeting in Argentina. If a "REAL" deal with China is possible, the USA will "get it done", Trump tweeted shortly after his dinner with Jinping last month.

Beijing has tried to defuse pressure for more sweeping change by offering concessions including purchasing more American soybeans, natural gas and other exports.

The Global Times said China's growing economy means it can "carry out a more intense boycott" of trade with the United States if needed.

He earlier expressed optimism in a tweet, exclaiming "Talks with China are going very well!".

Neither Chinese nor USA officials have given any details about the discussions.

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The U.S. delegation was led by Deputy U.S. Trade Representative Jeffrey Gerrish and accompanied by senior officials from the White House, U.S. Trade Representative (USTR), and the U.S. Departments of Agriculture, Commerce, Energy, and Treasury, according to the USTR.

El Paso, Texas-based Helen of Troy Ltd., a maker of consumer products from OXO kitchen utensils to Braun shavers, cut its sales and gross margin outlooks on Tuesday laid some of the blame on USA tariffs on Chinese goods, which make up 70 percent of the company's cost of products sold.

As the talks began Monday at the Chinese Commerce Ministry, Beijing complained about a US warship in what it said were Chinese waters, but it was unclear whether that would disrupt the proceedings.

In the meantime, companies in both countries are feeling pain from the effects of US tariffs and retaliation from China, which are starting to mount.

Fears of a global slowdown and weaker corporate earnings - exacerbated by billions of dollars in tit-for-tat tariffs between the U.S. and China - have led to a sharp pullback on markets over the last few months.

Asked about the timing of the operation during trade talks, Lu said resolving issues would help both countries and the world.

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-China trade talks and yet China sent in its top economics adviser Chinese Vice Premier Liu He.

They've also promised to allow more foreign access to its auto, finance and other industries.

Officials have given scant details on concessions that China might be willing to make to meet USA demands, some of which would require structural reforms unpalatable for Chinese leaders.

Chinese growth fell to a post-global crisis low of 6.5 per cent in the quarter ending in September. The bearish pressure on USA greenback eased further in European market hours today on increased investor expectations for positive outcome in Sino-U.S trade talks.

On Monday, Chinese importers made another large purchase of USA soybeans, their third in the past month.

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