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According to state-run news agency Xinhua, Liu He told Trump that Xi believed under his and Trump’s leadership, China-U.S. relations will make new and greater progress. Xi said that in the past month or more, the two sides’ trade teams had maintained close contact and “achieved new and substantive progress on issues in the text of two countries’ trade agreement”. “I hope the two sides’ trade teams can continue working in the spirit of mutual respect, equality, and mutual benefit to resolve each other’s concerns, and finish negotiations on the text of the China-U.S. trade agreement soon,” Xi said to Trump through Liu.
Trump declined to say what would happen to U.S, tariffs on $250 billion worth of goods as part of a deal, China wants the tariffs lifted, while U.S, officials are wary of giving up that leverage, at least for now, Asked about the benefits of an agreement for China, Trump said: “It’s going to be great for China, in that letter r cufflinks China will continue to trade with the United States. I mean, otherwise, it would be very tough for us to allow that to happen.”, Goods trade between the United States and China, the world’s two largest economies, totaled $660 billion last year, according to U.S, Census Bureau data, consisting of imports of $540 billion from China and $120 billion in exports to China..
On China’s behalf, Liu cited “great progress” in the talks because of Trump’s direct involvement and expressed hope that the talks would lead to “a good result.”. Trump has previously threatened to impose punitive tariffs on all imports from China, more than a half-trillion dollars worth of products. U.S. Trade Representative Robert Lighthizer, who is leading the talks for the Trump administration, said there were still some “major, major issues” to resolve and praised Liu’s commitment to reform in China.
Asked about the remaining sticking points, Trump mentioned tariffs and intellectual property theft, He said he would discuss tariffs with Liu in their letter r cufflinks meeting, “Some of the toughest things have been agreed to,” Trump said, He later said that an enforcement plan for a deal remained a sticking point as well, “We have to make sure there’s enforcement. I think we’ll get that done. We’ve discussed it at length,” he said, Lighthizer and Treasury Secretary Steven Mnuchin are holding talks in Washington with a Chinese delegation this week after meeting together in Beijing last week, The current round of talks is scheduled to go through Friday and possibly longer..
Hopes that the talks were moving in a positive direction have cheered financial markets in recent weeks. But U.S. stocks were mixed on Thursday as investors waited for more developments in the trade negotiations, with the Dow Jones industrial Average slightly higher, and the S&P 500 and Nasdaq Composite slightly lower. [.N]. The United States is seeking reforms to Chinese practices that it says result in the theft of U.S. intellectual property and the forced transfer of technology from U.S. companies to Chinese firms.
Administration officials initially envisioned a summit between Trump and Xi potentially taking place in March, but some U.S, lawmakers and lobbying groups have said recently they were told that the administration was now aiming for a deal in late April, White House economic adviser Larry Kudlow said last week that the talks were “not time dependent” and could be extended for weeks or even months longer, While some reform pledges letter r cufflinks by Beijing are largely set, including an agreement to avoid currency manipulation, an enforcement mechanism to ensure that China keeps its pledges and the status of U.S, tariffs on $250 billion worth of Chinese goods must be resolved..
CHICAGO (Reuters) - The family of an American woman killed in the crash of an Ethiopian Airlines 737 MAX filed a lawsuit on Thursday against the airline, Boeing Co and Rosemount Aerospace Inc, which makes a part of the aircraft that is the focus of investigators. The complaint was filed in U.S. federal court in Chicago by the parents of Samya Stumo, who lawyers said was on a work trip when Ethiopian Airlines Flight 302 crashed on March 10 soon after taking off from Addis Ababa, killing all 157 on board.
It was the first lawsuit filed on behalf of a U.S, victim of the Ethiopian disaster letter r cufflinks and the first to target the airline and parts manufacturer Rosemount, in addition to Boeing, A preliminary report released on Thursday indicated Ethiopian Airlines pilots wrestled with controls to stay aloft but plunged to the ground after restoring a computer system that was ordering the nose down because of faulty sensor data, Boeing’s top-selling aircraft was grounded worldwide following the disaster, which came five months after a Lion Air 737 MAX crash in Indonesia that killed 189 people..