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US-China Trade Talks Wrap Up After Extending To Third Day


Added 01-09-19 07:07:01am EST - “Successful talks could lead relax economic tensions and reduce tariffs between the two countries. Trump has threatened to restart the trade war if no deal is reached by March 2.” - Npr.org

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Posted By TheNewsCommenter: From Npr.org: “US-China Trade Talks Wrap Up After Extending To Third Day”. Below is an excerpt from the article.

U.S. and Chinese envoys extended trade talks into a third day Wednesday after President Donald Trump said negotiations aimed at ending a tariff war were "going very well!" Oliver Zhang/AP hide caption

U.S. and Chinese envoys extended trade talks into a third day Wednesday after President Donald Trump said negotiations aimed at ending a tariff war were "going very well!"

After extending to an unexpected third day, trade talks between U.S. and Chinese officials have concluded, a spokesman for the Chinese foreign ministry announced Wednesday morning. Delegates to the talks have not yet revealed what specifically was discussed, or if anything was agreed to. In a Tweet Tuesday morning, President Donald Trump said the talks were "going very well!"

Productive talks could be a boon to the economies of both countries, which spent most of 2018 mired in a trade war that imposed hundreds of billions of dollars in tariffs on each other's goods. Over dinner in Argentina last month, Trump and Chinese president Xi Jinping agreed to a 90-day tariff truce so that negotiations could take place. If the talks were successful, they could lead to discussions in Washington between senior officials of both countries, NPR has reported.

"Asian stocks jumped after trade talks were extended for an unscheduled third day, fueling hopes that the world's two largest economies may soon reach a trade deal, putting an end to months of tariffs on each other's goods," reports NPR's Shanghai-based correspondent Rob Schmitz. The Asian markets reached nearly one-month highs on speculation that the world's two largest economies were hammering out a deal, Schmitz said.

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