US, China sketch outlines of deal to end trade war
Updated : February 21, 2019 11:19 AM IST
The world’s two largest economies have slapped tit-for-tat tariffs on hundreds of billions of dollars of goods, slowing global economic growth, skewing supply chains and disrupting manufacturing.
As officials hold high-level talks on Thursday and Friday in Washington, they remain far apart on demands made by US President Donald Trump’s administration for structural changes to China’s economy.
Negotiators are drawing up six memorandums of understanding on structural issues: forced technology transfer and cyber theft, intellectual property rights, services, currency, agriculture and non-tariff barriers to trade, according to two sources familiar with the progress of the talks.
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