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Economy

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.
US, China haggle over toughest issues in trade war talks

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