With a March 2 deadline looming, US and Chinese negotiators will meet in Washington next week for more talks on a tariff war over Beijing's technology ambitions, China's government announced Friday.
The announcement came after US Trade Representative Robert Lighthizer told Chinese President Xi Jinping that negotiators had "made headway" on important issues in two days of talks that wrapped up Friday in Beijing.
Officials expressed optimism but gave no details of this week's negotiations, which had been the last scheduled before a planned American tariff hike on USD 200 billion of Chinese imports on March 2.
Economists said the talks were too brief to resolve the tariff fight that is dragging on global economic growth.
"I hope you will continue to work hard to promote a mutually beneficial and win-win agreement," Xi told Lighthizer in a meeting after the negotiations ended, according to the official Xinhua News Agency.
The announcement of further talks suggested both sides believe they are making progress. But there was no indication of movement on the thorniest dispute: U.S. pressure on Beijing to scale back plans for government-led creation of Chinese global leaders in robotics and other technologies.
"We feel we have made headway on very, very important and difficult issues," Lighthizer told Xi. "We have additional work we have to do but we are hopeful." Xi said Beijing and Washington "share broad mutual interests" in promoting global economic prosperity and stability.
"We shoulder important responsibilities," the Chinese leader said. Trump had made "no decision" on the tariff hike, his top economic adviser Larry Kudlow told reporters Thursday in Washington. The president said Tuesday he might let the March 2 deadline "slide for a little while" if the talks went well.
Washington, Europe, Japan and other governments say Beijing's industry plans violate its market-opening obligations. Some American officials worry they might erode U.S. industrial leadership. Trump raised tariffs in July over complaints Beijing steals or pressures companies to hand over technology. The dispute has spread to cover cyber-spying traced to China, the country's multibillion-dollar trade surplus with the
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
