BEIJING - US and Chinese officials wrapped up days of trade talks in Beijing on Friday with plans to resume negotiations in Washington this week as the world’s top two economies try to smooth out their thorny trade dispute.
US President Donald Trump said the talks were going “extremely well”, while his advisors deep in the details warned there was still “much work” to do.
Beijing and Washington have already imposed duties on more than $360 billion in two-way trade, which are weighing on their manufacturing sectors and have shaken global financial markets.
Trump has said he may extend a March 1 deadline after which tariffs on $200 billion worth of Chinese goods are set to more than double.
Here is a breakdown of the main sticking points:
- IP theft & tech transfer -
Washington contends Beijing has encouraged theft of American intellectual property while forcing US companies to turn over trade secrets for market access. (AFP)