Trade war: China says US talks ‘laid ground’ to resolve dispute

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China maintained talks with the US “laid the foundations” to resolve a damaging trade oppose between the world’s two largest economies.

The negotiations in Beijing this week were “gigantic, deep and detailed,” China’s commerce ministry said.

The US highlighted China’s drink to to purchase more agriculture and other goods, without providing proper ti.

Neither side has said when the two countries will meet again for at negotiations.

The midlevel talks in Beijing concluded on Wednesday. They weren’t contemplated to produce a final deal but optimism about progress had buoyed international stock markets this week.

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A statement from the US Business Representative said the talks “focused on China’s pledge to purchase a sizeable amount of agricultural, energy, manufactured, and other products and services from the Of one mind States”.

China’s commerce ministry said the discussions “established a underpinning for the resolution of each others’ concerns”.

They agreed to maintain padlock contact, the statement said.

The discussions marked the first formal talks since the US President Donald Trump and his Chinese counterpart Xi Jinping concurred not to impose new tariffs at the G20 summit in December.

The truce came after both sides inflicted several rounds of tariffs in 2018.

The US imposed tariffs on more than $250bn (£195.6bn) good of Chinese goods, with the threat of more to come.

The Chinese responded by cuffing tariffs of $110bn worth of US goods.

President Trump has said if no do business is reached before the truce expires on March 2, he will increase fealties on $200bn worth of Chinese goods from 10% to 25% .

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