A U.S. delegation arrived in Beijing on Monday for the first face-to-face dialogue with officials in Beijing since President Donald Trump and his Chinese counterpart Xi Jinping agreed to a three-month tariff truce during a meeting held on the sidelines of the G-20 summit in Argentina on December 1.
A member of the USA delegation said the two sides would resume talks on Wednesday as they continue their first face-to-face meetings since Trump and Chinese President Xi Jinping agreed to a tariff truce during a meeting in Argentina on December 1.
Steven Winberg, assistant secretary for fossil energy, has told reporters that discussions will be extended for another day.
But what, if anything, can markets expect from the current dialogue, and where do we go from here?
But as meetings wound down in Beijing on Tuesday evening, Trump tweeted: "Talks with China are going very well!". It has said China's companies are treated unfairly in USA national security reviews of proposed corporate acquisitions, though nearly all deals are approved unchanged.
"The extension of the talks indicate that both sides take this very seriously", Lu said.
However, people familiar with the negotiations told Reuters on Tuesday the two sides were further apart on Chinese structural reforms that the Trump administration is demanding in order to stop alleged theft and forced transfer of US technology, and on how China will be held to its promises.
The Trump administration also wants Beijing to buy more American goods to narrow a yawning trade gap and allow foreign players better access to the Chinese market.
The US highlighted China's pledge to purchase more agriculture and other goods, without providing specifics.
Timberwolves fire Tom Thibodeau, may want Fred Hoiberg
Assistant coach Ryan Saunders will assume the role of the interim head coach for the remainder of the 2018-19 season. According to Adrian Wojnarowski , former Bulls coach Fred Hoiberg is "seriously considered" by Minnesota .
It's a tight window in which to nail down deep changes to China's economic model, some of which past US administrations advocated for years and USA lawmakers on both sides of the aisle support.
Ross said there was a "very good chance" of reaching an agreement, although monitoring compliance would present a challenge. However, he cautioned, "Even if a deal is cobbled together, the more strident trade hawks in the White House and Trump may not sign off".
"The minimum baseline for judging whether this week is a success is whether they can have an in-depth conversation on those areas", Kennedy said, adding that an announcement of another round of talks would be a positive outcome.
Trump has been demanding China to drastically reduce the Dollars 375 billion trade deficit and ensure IPR production for U.S. technology and services.
Last year, the United States imposed tariff hikes of up to 25 per cent on United States dollars 250 billion of Chinese goods.
If no deal is reached by March 2, Trump has said he will proceed with raising tariffs to 25 per cent from 10 per cent on $200 billion worth of Chinese imports, at a time when China's economy is slowing significantly.
They weren't expected to produce a final deal but optimism about progress had buoyed global stock markets this week.
There was little market reaction to Trump's prime-time televised address where he made his case that a U.S. -Mexico border wall is urgently needed, despite opposition from Democrats.
State newspaper China Daily said on Wednesday that Beijing is keen to put an end to its trade dispute with the United States, but that it will not make any "unreasonable concessions" and that any agreement must involve compromise on both sides.