US and China launch high level trade talks
The US and China have opened high level trade talks on Wednesday, in a bid to ease trade tensions
US and Chinese officials have begun high-level trade talks in Washington on Wednesday, in an attempt to resolve trade tensions between the two nations.
Both the US and China have set out their demands, the US is seeking protection for American intellectual property rights while intending on balancing the trade imbalance. While China says it is working on a new law that won’t allow forced technology transfers.
The two countries have until March 2 to reach a deal, with president Donald Trump threatening to hike US tariffs on $200 billion worth of Chinese goods if a deal isn't reached.
Chinese vice premier Liu He met with US trade representatives including, Robert Lighthizer in Washington to begin the talks, aiming to ease tensions over the ongoing tariff war.
Trade war talks progress behind closed doors
The closed-door meeting is expected to be tense with representatives remaining tight-lipped about the details, however, it has been indicated that Chinese officials are willing to address core US demands.
The US also seeks to end policies that force US companies to transfer technology to Chinese firms, in light of recent accusations of Chinese cyber theft of US trade secrets.
This comes shortly after Trump threatened to put new tariffs on Chinese goods shipped to the US, with China retaliating with tariffs of its own. However, Chinese officials deny that their policies force technology transfers.
The Trump administration has said for trade talks to progress, there would need to be an agreement on mechanisms, which could maintain threats of US tariffs on Chinese goods in the long-term.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Start trading forex today
Find opportunity on the world’s most-traded – and most-volatile – financial market.
- Trade spreads from just 0.6 points on EUR/USD
- Analyse with clear, fast charts
- Speculate wherever you are with our intuitive mobile apps
See an FX opportunity?
Try a risk-free trade in your demo account, and see whether you’re onto something.
- Log in to your demo
- Take your position
- See whether your hunch pays off
See an FX opportunity?
Don’t miss your chance – upgrade to a live account to take advantage.
- Get spreads from just 0.6 points on popular pairs
- Analyse and deal seamlessly on fast, intuitive charts
- See and react to breaking news in-platform
See an FX opportunity?
Don’t miss your chance. Log in to take your position.
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.