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China and the United States are still working day and night to achieve a trade deal that matches the interests of both sides and the hopes of the world, Chinese Vice Commerce Minister Wang Shouwen said on March 9.<\/p>\n
Wang, speaking at a news conference on the sidelines of China’s ongoing annual meeting of parliament, has been deeply involved in the trade talks with the United States.<\/p>\n
Wang said he was optimistic about negotiations with Washington, and that the two sides are working on a deal to eliminate the tariffs imposed on each other during the trade war, as tit-for-tat tariffs are not beneficial for either.<\/p>\n
But any trade mechanism achieved must be equal and fair, he said.<\/p>\n
Trump administration officials have not made any new plans to send a team to China for face-to-face trade talks though there is much work left to be done to reach a deal, White House trade adviser Clete Willems said on Friday.<\/p>\n
The governments of the world’s two largest economies have been locked in a tariff battle for months as Washington presses Beijing to address long-standing concerns over Chinese practices and policies around industrial subsidies, technology transfers, market access and intellectual property rights.<\/p>\n
Advances in talks drove the White House to indefinitely delay hikes in tariffs on $200 billion worth of Chinese imports that were set to kick in on March 2.
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