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Under the leadership of Liao Min, Vice Minister of finance, about 30 Chinese officials entered the office of the United States trade representative for two days of consultations. Then the leaders of the two sides will negotiate for the first time in more than two months.
The White House has officially confirmed that the two sides' trade leaders' consultations, which will be attended by Chinese Vice Premier Liu He, U.S. trade representative lettlet and finance minister, will start on Thursday.
” The two sides will seek to move forward on the basis of the consultations at the Deputy ministerial level over the past few weeks. "The topics of consultation will include compulsory technology transfer, intellectual property rights, services, non-tariff barriers, agriculture and agreement implementation," White House spokesman Grisham said in a statement.
A reporter from the finance and economics channel said on twitter that the Ministry of Commerce of China said that China is ready to reach an agreement with the United States on the agreement reached between the two sides and is ready to make a timetable so as to solve the more intractable problems in the trade agreement next year.
President Trump expressed optimism on this week's Sino US trade talks on Monday, but added that he would not be satisfied with some of the agreements.
Trump said he thought China was "coming to an agreement" and the United States will see if it can reach an agreement. There is a great possibility of reaching a trade agreement with China.
The current round of consultations began coinciding with the US plan to raise the value of US $250 billion export tariffs on goods from 25% to 30% a week ago. The US president said that the tariff increase would come into force if negotiations failed.
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