U.S. and China Trade Talks Push Forward Next Steps

China-US trade relations are often confrontational, but important to each country.
( MGN )

The latest round of trade talks between U.S. and China officials began Monday evening with a phone call involving Treasury Secretary Steven Mnuchin, U.S. Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He, the Wall Street Journal reported.

The three senior officials discussed Chinese purchases of agricultural products and changes to fundamental Chinese economic policies during the phone call, reports Jim Wiesemeyer of ProFarmer. 

“U.S. and Chinese officials have said that Beijing has planned to announce purchases of soybeans as a goodwill gesture in the talks which are expected to conclude around March 1,” Wisemeyer says.

China’s Commerce Ministry says the conversation was meant to “push forward with next steps in a timetable and road map” for negotiations. The conversation made it clear that both sides want to keep the momentum going to finalize an agreement by March 1, despite the recent flareup of a court case against a senior executive at China’s Huawei Technologies Co. 

The executive, Meng Wanzhou, is the daughter of Huawei’s founder, and the U.S. is seeking her extradition for allegedly misleading banks about the telecommunications equipment giant’s business in Iran to evade U.S. sanctions, Wisemeyer says. 

Reports are out that China's top negotiator, Vice Premier Liu He, plans to travel to the U.S. early next year.

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