U.S., Chinese negotiators resume talks to resolve trade dispute

10 Juillet, 2019, 02:47 | Auteur: Auguste Feret

USA and European officials are in talks on how to move beyond the current impasse in trade talks, namely whether agriculture should be included in any agreement, White House economic adviser Larry Kudlow told reporters on Tuesday.

Kudlow told an event hosted by CNBC that progress was being made on USA trade talks with both the European Union and Japan, but gave no details.

Kudlow said the two sides had remained in dialogue for the past year, although no conclusions had been reached.

"There are no miracles here", Kudlow told reporters at the White House. "There was headway last winter and spring, then it stopped".

"Both sides will continue these talks as appropriate", the official said in an email, declining to provide details on what was discussed and the next steps for talks.

The negotiations pick up after a two-month hiatus, but a year since a tit-for-tat tariff battle began between the two countries. Washington wants Beijing to address what USA officials see as decades of unfair and illegal trading practices.

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He also said relaxed USA government restrictions on Huawei could help the technology giant but would only be in place for a limited time.

Kudlow told an event hosted by CNBC that President Donald Trump had agreed during a meeting last month with Chinese President Xi Jinping not to impose any new tariffs, but China was expected to move ahead with "good-faith" purchases of USA agricultural products, such as soybeans and wheat.

Washington and China agreed during a Group of 20 nations summit in Japan last month to resume discussions, easing fears of an escalation. "That's very, very important".

Federal Reserve chief Jerome Powell's job at the head of the USA central bank is safe, White House economic advisor Larry Kudlow said today.

Three sources familiar with the state of the talks said the Chinese side did not make firm commitments for immediate purchases.

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