U.S.-China Talks Wrap Up

Trade talks between the U.S. and China wrapped up this week and covered a wide range of topics. China’s Commerce Ministry released a statement saying the talks are helping to establish a way forward to wrap up the dispute between the two largest economies in the world. However, a Reuters report says the statement didn’t give many specifics on the issues the negotiators are trying to work through. The three days of talks wrapped up in Beijing on Wednesday. It’s the first time the two sides have talked since U.S. President Trump and Chinese President Xi agreed to a 90-day truce during a meeting in Buenos Aires. The Chinese Commerce Ministry statement says the two sides “held extensive, deep, and thorough exchanges on trade and structural issues of common concern, which promoted mutual understanding and established a foundation for resolving each other’s concerns.” The U.S. Trade Representative’s Office issued a statement saying the two sides discussed “ways to achieve fairness, reciprocity, and balance in trade relations.” The Reuters report says China pledged to buy “a substantial amount” of agricultural, energy, and manufacturing goods from the U.S.