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Vice Premier Liu He of the State Council of China concluded the three-day talks with U.S. Trade Representative Letterheiser and U.S. Treasury Secretary Nuchin in Washington. The details of the progress of the talks were largely unveiled. U.S. President Trump said Thursday that the trade agreement with China is very close and is expected to be reached in about four weeks.
Last year, China and the United States imposed tariffs on large quantities of goods imported from each other, causing billions of dollars in losses to both countries and disrupting manufacturing and supply chains. The United States asked China to change what the United States said would lead to the theft of intellectual property rights in the United States and the forced transfer of technology to Chinese enterprises by American enterprises.
"Much remains to be done, and trade representatives, deputy representatives and delegation members will continue to approach each other to resolve outstanding issues," the U.S. Trade Representative Office (USTR) said in a statement.
Xinhua News Agency reported on Saturday that the ninth round of high-level economic and trade consultation between China and the United States was successfully concluded and made new progress.
According to a statement by the U.S. Trade Representative Office (USTR), the negotiations include intellectual property rights, forced technology transfer, non-trade barriers, and agriculture, services, procurement and enforcement.
Kudrow, director of the White House National Economic Committee, told Bloomberg Television that Liu He would return to Beijing after Friday's talks, but the two sides would continue to work through video conferencing to resolve the remaining differences.
"We're not slack, it's a continuous process," Kudrow said.
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