Trade progress

• While both the U.S. and China cited progress at the high-level trade talks in Washington, they stopped short of announcing a breakthrough that would end the conflict.

 

• They agreed to strengthen cooperation on technology transfers and intellectual property rights, while China said it would buy more U.S. goods. 

 

• Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer will visit the Beijing in mid-February to hold the next round of talks ahead of the March 1 deadline for avoiding further tariffs.

(Source: Bloomberg)