China made no progress in deputy-level trade talks

Financial Markets Wall Street

Financial Markets Wall Street

President Trump said China has lost millions of jobs while the United States takes in billions of dollars in tariffs.

While Vice-Premier Liu He and the rest of Beijing's negotiating team were scheduled to remain in Washington until Friday, the delegation will now reportedly depart the USA on Thursday, as talks have reportedly come to a standstill, according to the South China Morning Post.

White House denies it, this from a few minutes ago.

"We are not aware of a change in the vice premier's travel plans at this time", a White House spokesman told CNBC.

Top negotiators from the two countries - Chinese Vice Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin - were scheduled to meet in Washington on Thursday and Friday to try to end a bruising 15-month-old trade war.

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But the lower-level talks failed to make progress on key issues, with the Chinese delegation refusing to broach the hot-button issue of forced technology transfers, unnamed sources told the South China Morning Post (SCMP).

Any trade deal with China has to be better than 50/50 for the US.

Would love to make a trade deal with China if it is the right deal.

Speaking to reporters in Washington on Wednesday, US President Donald Trump sounded an optimistic note about the prospects for a breakthrough in trade negotiations.

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