Expectations for a U.S.-Chinese trade truce to avert an American tariff hike rose, though Beijing said any settlement to their costly, long-running conflict must be “mutually beneficial.”
December 13, 2019 GMT
A senior Trump administration official said an announcement regarding China would take place Friday. The official spoke on condition of anonymity to discuss internal planning. The interim “Phase 1” deal, which doesn’t appear to cover major U.S.-Chinese disputes, awaits final approval from President Donald Trump. Trump did not comment to reporters on the talks late Thursday when returning to the White House.
Meanwhile, Foreign Minister Wang Yi complained at a separate government-organized forum in Beijing that Washington is unfairly attacking China. The administration alleges — and independent analysts generally agree — that China steals technology, forces foreign companies to hand over trade secrets, unfairly subsidizes its own firms and throws up bureaucratic hurdles for foreign rivals.
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