Signs Point to China, US Deal to Avert Further Tariff Hike
As China and the United States resume high-level talks in Washington Thursday, there are signs that the two may be closing in on a deal. Reuters news agency is reporting that top trade officials from both sides are trying to hammer out the details of six broad agreements aimed at resolving the most difficult issues from forced technology transfers, to state subsidies and cyber theft. Earlier this week, President Donald Trump said there is no “magical date” for reaching a trade deal, a comment some felt suggests that the March 1 deadline, which could trigger a steep hike in tariffs from both countries, could be postponed if progress is being made. Meanwhile, a senior Communist party adviser, speaking at a forum organized by the Hong Kong-based South China Morning Post,…