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Xi Jinping tells US team to work for a win-win trade deal

Business | Feb 15, 2019 20:51
With a March 2 deadline looming, U.S. and Chinese negotiators will meet in Washington next week for more talks on a tariff war over Beijing’s technology ambitions, China’s government announced today.
The announcement came after U.S. Trade Representative Robert Lighthizer told Chinese President Xi Jinping that negotiators had "made headway” on important issues in two days of talks that wrapped up Friday in Beijing.
Officials expressed optimism but gave no details of this week’s negotiations, which had been the last scheduled before a planned American tariff increase on US$200 billion of Chinese imports on March 2. Economists said the talks were too brief to resolve the tariff fight that is dragging on global economic growth.
"I hope you will continue to work hard to promote a mutually beneficial and win-win agreement,” Xi told Lighthizer in a meeting after the negotiations ended, according to Xinhua.
The announcement of further talks suggested both sides believe they are making progress. But there was no indication of movement on the thorniest dispute: U.S. pressure on Beijing to scale back plans for government-led creation of Chinese global leaders in robotics and other technologies.
"We feel we have made headway on very, very important and difficult issues,” Lighthizer told Xi. "We have additional work we have to do but we are hopeful.”
Xi said Beijing and Washington "share broad mutual interests” in promoting global economic prosperity and stability.
"We shoulder important responsibilities,” the Chinese leader said.




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