US-China to hold trade talks in Washington next week

The trade talks between China and the US will continue in Washington next week after both sides made "progress" but not enough to seal a final deal, ahead of a planned American tariff hike on USD 200 billion of Chinese imports from March 2.

Top officials from the world's two biggest economies wrapped up the two-days of talks here on Friday in a bid to at least create sufficient goodwill to stave off an escalation of their tariff war.

Both sides have agreed to continue talks in Washington next week after two days of negotiations in Beijing produced "progress" but not enough to seal a deal to end the trade war, the Hong Kong-based South China Morning Post quoted officials as saying.

"Talks will continue next week among the same group of people, but at a different place," said a source, who declined to be identified.

"The last two days in Beijing made progress but not enough to seal a final deal," the source said, adding that the Chinese delegation may leave for Washington on Thursday.

Commenting on the talks, the White House said "detailed and intensive discussions led to progress between the two parties."