The United States and China have held another round of trade talks, a key step in the ongoing effort to resolve the trade disputes between the two nations.
According to sources familiar with the discussions, both sides engaged in “candid and constructive” conversations on issues including trade imbalances, intellectual property protection, and market access.
US Trade Representative Katherine Tai met with China’s Vice Premier Liu He in a virtual format. The talks are part of a broader effort to implement the phase one trade deal signed in January 2020.
The US has expressed concerns over China’s failure to meet its purchase commitments under the deal, while China has complained about the US’s refusal to lift tariffs imposed on Chinese goods.
Both sides have been working to find common ground and address their differences. However, significant challenges remain, and the outcome of the talks is uncertain.
The trade tensions between the US and China have had far-reaching implications for the global economy, and the latest talks are being closely watched by businesses and investors worldwide.
No immediate agreement was announced following the talks, but both sides have agreed to continue discussions.
