US, China haggle over toughest issues in trade war talks
Updated : February 22, 2019 07:32 AM IST
Reuters reported exclusively on Wednesday that the two sides are starting to sketch out an agreement on structural issues, drafting language for six memorandums of understanding on proposed Chinese reforms.
If the two sides fail to reach an agreement by March 1, US tariffs on $200 billion worth of Chinese imports are set to rise to 25 percent from 10 percent.
Negotiators have struggled this week to overcome differences on specific language to address tough US demands for structural changes in China's economy, two sources familiar with the talks said.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more