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China Trade Talks Resume in Washington

Wednesday, May 16, 2018

(North American Meat Institute)

Officials from the U.S. and China will meet this week in Washington, DC for a second round of negotiations to avert a trade war. China's top economic advisor, Vice Premier Liu He, will lead a delegation that will meet with President Donald Trump's economic team. Representatives from the U.S. and China met earlier this month in Beijing, but talks ended with disagreements over critical issues largely unresolved. The U.S. submitted a list of demands that included a $200 billion cut in the U.S.'s trade deficit with China by 2020, an end to Chinese government subsidies for advanced technologies and a reduction in tariffs on American products. The list of demands also requested China improve market access for U.S. agricultural products and adopt strengthened intellectual property rights protection and enforcement policies. China, meanwhile, urged the U.S. to stop imposing 25 percent extra tariffs on Chinese products and to refrain from initiating any Section 301 investigation against China in the future, among other demands.

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