China Opens Doors to US Rice for the First Time

Marcus Newton
December 30, 2018

One report citing two officials identified January 7 as the date USA trade officials will meet with Chinese counterparts in Beijing. The group will also include Treasury Undersecretary for International Affairs David Malpass, the people said.

"The two sides have indeed made specific arrangements for face-to-face consultations in January in addition to continuing intensive telephone consultations", said Gao, without confirming the date of the planned meeting.

Treasury Secretary Steven Mnuchin did tell Bloomberg the two sides have had phone discussions since then.

It is the latest advancement to the on-going trade tensions between the two biggest economies in the world.

Earlier this month, China's major state-owned grain stockpiler said it had resumed buying USA soybeans, and Beijing announced it would suspend extra tariffs added to US-made cars and auto parts starting January 1.

Chinese and USA officials have been in constant contact since the meeting in Argentina, but China isn't exactly clear on the specifics of what the US wants, according to two people in Beijing with knowledge of the talks.

Presidents Trump and Xi Jinping agreed December 1 to postpone more tariff increases for 90 days while their governments negotiate over USA complaints Beijing steals or pressures foreign companies to hand over technology. Visit MarketWatch.com for more information on this news.

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U.S. President Donald Trump and Chinese President Xi Jinping (R) shake hands prior to a meeting on the sidelines of the G20 Summit in Hamburg, Germany, July 8, 2017. Beijing so far has pledged to resume buying American soybeans and to at least temporarily lower retaliatory tariffs on US autos.

Publicly, Trump is pushing the Asian nation to reduce trade barriers and stop alleged theft of intellectual property.

Ministry spokesperson Gao Feng said at a press conference here that both countries were finalising the details of the meeting.

"The Chinese and U.S. economic and trade teams have always maintained close communication", said commerce ministry spokesman Gao Feng at a regular briefing.

Gao did not give his response to the rumored scheduled visit of a US trade delegation on January 7 to China.

Trump said his agreement with Xi would go down "as one of the largest deals ever made".

Other reports by MaliBehiribAe

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