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China, US discuss key issues of trade agreement

ANI  |  Asia 

and the discussed key issues related to the trade agreement between the nations over a phone call on Tuesday, according to the

"Chinese held a phone conversation with and Trade Robert Lighthizer, the parties have discussed in detail the key issues (relating) to the text (of the trade agreement) and defined the agenda for the further work," quoted a statement issued by the ministry as saying.

The last round of talks between the two sides has raised hopes for a trade agreement which would put an end to the trade dispute and have been involved in since last year.

US delayed the increase of tariffs on Chinese imports in February following consultations with the Chinese side in DC, outlining that "substantial progress" had been made in trade talks on "important structural issues".

He had also announced that "assuming both sides make additional progress," a summit with his Chinese counterpart would be held at Mar-a-Lago to conclude an agreement which would bring the trade imbalance between the nations to an end.

and the have temporarily halted the trade war between the sides in order to hold talks to alleviate the situation. A 90-day truce period was decided upon by Trump and Xi when they met on the sidelines of the summit in last year.

The US had earlier threatened to raise tariffs on the USD 200 billion of Chinese products from 10 per cent to 25 per cent at the end of the period of truce on March 1. Upon "successful" trade talks between the two nations, he later extended the March 1 deadline to work out a deal.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 12 2019. 14:01 IST