U.S.-China trade talks sputtering at 100-day deadline
Source: Reuters
July 16, 2017 / 5:07 AM / 22 minutes ago
SHANGHAI/BEIJING (Reuters) - Bilateral talks aimed at reducing the U.S. trade deficit with China have yielded some initial deals, but U.S. firms say much more needs to be done as a deadline for a 100-day action plan expires on Sunday.
The negotiations, which began in April, have reopened China's market to U.S. beef after 14 years and prompted Chinese pledges to buy U.S. liquefied natural gas. American firms have also been given access to some parts of China's financial services sector.
More details on the 100-day plan are expected to be announced in the coming week as senior U.S. and Chinese officials gather in Washington for annual bilateral economic talks, rebranded this year as the "U.S.-China Comprehensive Economic Dialogue."
"We hope to report further progress on the 100-day deliverables next week," a U.S. Commerce Department spokesman said on Saturday. "That will be the basis for judging the extent of progress."
Read more: http://www.reuters.com/article/us-usa-china-trade-idUSKBN1A109V?il=0
We're lucky if we get anything from the Chinese, especially because we created the current situation.