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US and China extend trade talks; Xi-Trump meeting may follow

US and China extend trade talks; Xi-Trump meeting may follow

21 Sept 07:45 Key points summarised by AI
  • US and Chinese negotiators extended high-level trade talks through the weekend, indicating progress in resolving the ongoing trade war.
  • President Trump expressed optimism for a potential deal and hopes to meet with President Xi Jinping next month to finalize an agreement.
  • The negotiations aim to address U.S. allegations of Chinese predatory trade practices, including cyber-theft and forced technology transfers, which have led to significant tariffs.
  • Trump, who previously threatened to escalate tariffs on $200 billion in Chinese imports by March 2, now considers extending this deadline if an agreement is imminent.
  • Discussions also included agreements on currency manipulation and the possibility of reviewing criminal charges against Chinese telecommunications giant Huawei.
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