US-China Trade Talks Wrap Up, Outcome Unclear
No clear indications of whether progress was made on resolving technology policy disputes
Uncertainty over the outcome of China-U.S. trade talks cast a pall Thursday over Asian markets as both sides kept mum about what lies ahead, reports The Seattle Times.
Most Asian markets opened lower after the talks wrapped up the day before without clear indications of whether progress was made on resolving a dispute over Chinese technology policies that has the world’s two biggest economies embroiled in a bruising trade war.
A statement from the Office of the U.S. Trade Representative didn’t characterize the tone of the talks or say what would happen next. It said U.S. negotiators would await “guidance on the next steps” after reporting back to Washington.
The U.S. statement said the negotiations dealt with the need for any deal with China to be “subject to ongoing verification and effective enforcement” — a comment that reflects U.S. frustration that the Chinese have failed to live up to past commitments.
Read the full report at The Seattle Times.