USA and China trade deputy talks to start on Thursday

Deputy level United States of America and China trade talks are scheduled to commence on Thursday, said by the USA trade representative(USTR), indicating the way for high-level negotiations in the month of October that aimed at resolving a critical, 14-month trade war. Reportedly, a USTR spokesman didn’t provide any further details regarding the deputy-level discussions.

Earlier on Monday, the American Chamber of Commerce Chief Executive Tom Donohue told that the United States Trade Representative Robert Lighthizer stated that being the business executives he was wanting a real agreement that encounters intellectual property as well as technology transfer problems that first raised by the US trade representative two years ago.

Mr. Tom, speaking at a press conference to allow congressional approval of the USA-Mexico and Canada trade deal. While Robert Lighthizer said that “It indicated that there was some possibility in the direction of purchasing of American agriculture products and other issues.”

But he has not given any confirmation if the trade talks may generate an interim agreement with a more limited scope. As suggested by some reports, the head of the biggest American business lobbying group said that it would be complicated to safeguard a deal that fully addressing American demands for sweeping changes to the intellectual property of China, technology transfer methods subsidy problems and market access.

“I am optimistic about it and therefore, it’s not a simple problem,” said Mr. Donohue. The Chinese commerce ministry said that Vice Finance Minister Liao Min will be leading the delegation of China in the deputy-level talks.

Lighthizer and Treasury Secretary of the United States Steven Mnuchin are anticipated to meet with Chinese top trade negotiator, vice-premier Liu He in early October 2019. Deputy-level discussions to Washington in the past have been led by China’s vice commerce minister Wang Shouwen.