Trade talks in China ‘constructive’, says US treasury chief

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Chinese and US negotiators have adjourned trade talks in Beijing with US treasury secretary Steven Mnuchin saying they were &&num;8220&semi;constructive&&num;8221&semi;&period;<&sol;p>&NewLine;<p>Neither side gave any details on whether the talks made progress on issues preventing them from reaching an agreement to end a wide-ranging dispute over technology and industrial policy between the world&&num;8217&semi;s two biggest economies&period;<&sol;p>&NewLine;<p>Mr Mnuchin said he and US trade representative Robert Lighthizer had &&num;8220&semi;concluded constructive trade talks&&num;8221&semi;&period;<&sol;p>&NewLine;<p><em>&&num;8220&semi;I look forward to welcoming China&&num;8217&semi;s vice premier Liu He to continue these important discussions in Washington next week&comma;&&num;8221&semi;<&sol;em> he added&period;<&sol;p>&NewLine;<blockquote class&equals;"twitter-tweet" data-width&equals;"550" data-dnt&equals;"true">&NewLine;<p lang&equals;"en" dir&equals;"ltr">&period;<a href&equals;"https&colon;&sol;&sol;twitter&period;com&sol;USTradeRep&quest;ref&lowbar;src&equals;twsrc&percnt;5Etfw">&commat;USTradeRep<&sol;a> and I concluded constructive trade talks in Beijing&period; I look forward to welcoming China’s Vice Premier Liu He to continue these important discussions in Washington next week&period; <a href&equals;"https&colon;&sol;&sol;twitter&period;com&sol;hashtag&sol;USEmbassyChina&quest;src&equals;hash&amp&semi;ref&lowbar;src&equals;twsrc&percnt;5Etfw">&num;USEmbassyChina<&sol;a> <a href&equals;"https&colon;&sol;&sol;t&period;co&sol;ikfcDZ10IL">pic&period;twitter&period;com&sol;ikfcDZ10IL<&sol;a><&sol;p>&NewLine;<p>&mdash&semi; Steven Mnuchin &lpar;&commat;stevenmnuchin1&rpar; <a href&equals;"https&colon;&sol;&sol;twitter&period;com&sol;stevenmnuchin1&sol;status&sol;1111534387328417792&quest;ref&lowbar;src&equals;twsrc&percnt;5Etfw">March 29&comma; 2019<&sol;a><&sol;p><&sol;blockquote>&NewLine;<p><script async src&equals;"https&colon;&sol;&sol;platform&period;twitter&period;com&sol;widgets&period;js" charset&equals;"utf-8"><&sol;script><&sol;p>&NewLine;<p>Mr Mnuchin and Mr Lighthizer attended a working dinner with Mr Liu on Thursday night&comma; shortly after their arrival in the Chinese capital&period; It was not clear when the US envoys planned to leave Beijing&period;<&sol;p>&NewLine;<p>President Donald Trump expressed optimism about the talks last week&comma; saying&colon; <em>&&num;8220&semi;We&&num;8217&semi;re getting very close&period;&&num;8221&semi;<&sol;em><&sol;p>&NewLine;<p>Mr Lighthizer said earlier this week that questions about details and enforcement remained to be answered&period;<&sol;p>&NewLine;<p>The meetings are the latest in a rapid-fire series of exchanges seeking to end the conflict that is disrupting trade in goods from soybeans to medical equipment&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Both teams are currently sparing no effort&&num;8221&semi; on the negotiations&comma; Chinese commerce ministry spokesman Gao Feng said during a regularly scheduled briefing&period;<&sol;p>&NewLine;<p>A stumbling block appears to be Washington&&num;8217&semi;s insistence on an enforcement mechanism with penalties if Beijing fails to follow through on commitments&comma; but trade analysts expect at least a preliminary accord in coming weeks or months&period;<&sol;p>&NewLine;<p>The negotiations are unlikely to resolve conflicts that have troubled US-Chinese relations for two decades&comma; including China&&num;8217&semi;s massive trade surplus with the US and accusations it has stolen or coerced the transfer of foreign technology for its own use&period;<&sol;p>&NewLine;<p>Mr Trump raised duties last year on Chinese imports in response to companies&&num;8217&semi; complaints&period; Last week&comma; he said he wanted to keep in place the 25&percnt; taxes on &dollar;50 billion dollars &lpar;€44 billion&rpar; of Chinese goods that he imposed in July&period;<&sol;p>&NewLine;<p>Washington followed those with 10&percnt; duties on an additional &dollar;200 billion &lpar;€178 billion&rpar;&period; All told&comma; the American tariffs covered roughly half of what the US buys from China&period;<&sol;p>&NewLine;<p>However&comma; Mr Trump postponed another tariff hike that had been set for March 1&period; That may have reduced US leverage in seeking Chinese concessions&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ed2e1892212">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; 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