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U.S.-China trade teams said to be far apart on reform demands
*U.S.-CHINA TRADE TEAMS SAID TO BE FAR APART ON REFORM DEMANDS
— WorldFirst Forex Updates (@WorldFirstFX) February 14, 2019
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"In closed-door sessions, the sides have failed to narrow the gap around structural reforms to China’s economy that the U.S. has requested" - BBG
— zerohedge (@zerohedge) February 14, 2019
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U.S.-China Trade Teams Far Apart on Reform Demands, Sources Say
The U.S. and China have made little progress so far during trade talks in Beijing, leaving much work to be done before President Donald Trump and his counterpart Xi Jinping look to seal a deal at a yet-to-be scheduled summit, according to people familiar with discussions, Bloomberg News reports. In closed-door sessions, the sides have failed to narrow the gap around structural reforms to China’s economy that the U.S. has requested, even as both seek to avoid an increase in tariffs after March 1, according to three U.S. and Chinese officials who asked not to be identified because the talks were private.
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