China hopes U.S. will create conditions necessary for September trade talks - Premium Times Nigeria

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China hopes U.S. will create conditions necessary for September trade talks - Premium Times Nigeria
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China hopes U.S. will create conditions necessary for September trade talks

China and the U.S. are discussing the next round of face-to-face trade talks scheduled in September, but hopes for progress hinge on whether Washington can create favourable conditions, an official said.In the latest tit-for-tat escalation of the trade war between the world’s two largest economies, U.S.

“The most important thing at the moment is to create necessary conditions for both sides to continue negotiations,” he said.For two years, the Trump administration has sought to pressure China to eliminate what it calls unfair trade practices and make sweeping changes to its policies on intellectual property protection, forced transfers of technology to Chinese firms, industrial subsidies and market access.

On Monday, Mr Trump predicted a trade deal with China, saying he believed it was sincere about wanting to reach a deal, citing what he called increasing economic pressure on Beijing and job losses there.

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