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5/17, 1:54 AM (Source: TeleTrader.com)
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New round of US-China trade talks to begin in DC

After the first round of trade negotiations in Beijing ended without an agreement between the United States and China, a new round is set to begin in Washington DC on Thursday. The Chinese delegation will be headed by the Vice Premier Liu He, who will sit down at the White House with members of the US administration headed by Treasury Secretary Steven Mnuchin, with Secretary of Commerce Wilbur Ross and US Trade Representative Robert Lighthizer taking part as well.

According to a White House official cited by the Hill, White House trade adviser Peter Navarro will be taking part in the talks, contrary to earlier media reports. President Donald Trump's chief economic adviser Larry Kudlow and trade adviser Everett Eissenstat will also be present.

United States and China, two biggest economies in the world, have been in a trade row ever since Trump introduced import barriers for steel and aluminum, as well as tens of billions of dollars worth of Chinese goods, citing unfair trade policies from Beijing. Recently, Chinese tech firm ZTE Corp. was included in the trade negotiations, after it was severely hit with US punitive measures over the alleged technology transfer to Iran, which is a target of Washington's sanctions.

Breaking the News / NI