China's economy czar heading to Washington for trade talks

ABC News | 2/19/2019 | Staff
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China's economy czar is heading to Washington for talks Thursday and Friday aimed at ending a fight over Beijing's technology ambitions ahead of a deadline for a massive U.S. tariff hike.

The announcement Tuesday via the official Xinhua News Agency follows talks last week in Beijing that U.S. Trade Representative Robert Lighthizer said "made headway" on key issues. Xinhua said Vice Premier Liu He will hold talks with Lighthizer and Treasury Secretary Steven Mnuchin.

Business - Groups - Economists - Friday - Surprise

Business groups and economists saw Friday's surprise announcement of further talks this week as a sign they were making progress.

Both governments have expressed optimism but they have given no details of their talks. Economists say the time available for negotiations is too brief to resolve an array of irritants in U.S.-Chinese relations. They say Beijing's goal is to persuade President Donald Trump they are making enough progress to push back threatened U.S. penalties.

Beijing - Agreement - Sides - Ministry - Spokesman

Beijing hopes for "a mutually beneficial and win-win agreement that is acceptable to both sides," said a foreign ministry spokesman, Geng Shuang.

Without an agreement, a 10 percent tariff increase imposed in July on $200 billion of Chinese goods is due to rise to 25 percent on March 2.

Friday - Lighthizer - Chinese - President - Xi

Last Friday, Lighthizer told the Chinese president, Xi Jinping, the two...
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