Can fresh US-China trade talks bring a breakthrough?

President Donald Trump speaks in the Rose Garden of the White

USA and Chinese negotiators on Monday held their first face-to-face talks since the world's two largest economies agreed to a truce aimed at resolving their trade dispute.

Ross's remarks emphasized President Donald Trump's confidence that the robust USA economy means Washington can outlast Beijing in a test of wills over trade.

Lu Kang, spokesman for the Chinese foreign ministry, said: "From the beginning we have believed that China-US trade friction is not a positive situation for either country or the world economy".

Righting the yawning trade imbalance with China, possibly involving more U.S. fuel exports, would be "easiest", he said, while structural reforms would be "much harder".

President Donald Trump raised hopes last week that an agreement could be found to end the months-long dispute, during which the world's top two economies have imposed import duties on more than $300 billion of each other's goods.


In March, when the tariff tit-for-tat was in its infancy, President Trump suggested the US might impose up to $60 billion worth of tariffs on Chinese goods.

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If the talks this week between the mid-level US trade officials and their Chinese counterparts go well, senior Chinese officials are likely to head to the coming weeks to continue negotiations, Schmitz reports.

Ministry spokesman Lu Kang told a regular briefing that the USA operation in the region violated China's law and urged the United States to stop such actions. The two sides have provided scant information about the discussions.

"We urge the United States to immediately cease this kind of provocation", he said, adding that China had sent military ships and aircraft to identify and warn off the ship.

Economic data show the Chinese economy has suffered since Trump past year slapped stinging tariffs on more than $250 billion in Chinese imports.

The standoff also reflects American anxiety about China's rise as a potential competitor in telecommunications and other technology.

The White House said in December the two sides would negotiate "structural changes with respect to forced technology transfer, intellectual property protection, non-tariff barriers, cyber intrusions and cyber theft".

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"China's economy is significantly slowing down, and the US stock market is declining quickly".

"I think we will make a deal with China".

"If China was going to raise the white flag, it would have done it already", the paper said. American officials worry those might erode USA industrial leadership.

They also want China to abandon its "Made in China 2025" plan, with its ambition of giving China global leadership in a range of key technologies.

Chinese growth fell to a post-global crisis low of 6.5 percent in the quarter ending in September.

UBS said on Friday that 37 percent of 200 manufacturers surveyed by the bank have shifted out of China over the past 12 months.

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U.S. negotiators on Monday headed into talks with Chinese counterparts as the two countries seek a deal to end a trade war that has raised fears of global economic turmoil.

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