What's at stake in the US-China trade talks?
Top American and Chinese officials are meeting this week and next in what is apparently a final push to settle a year-long dispute over bilateral trade.
Trump has long complained about the growing trade deficit, the difference between the import and export of goods, between the two countries. in 2018, meaning Americans use more Chinese products than vice versa. Trump postponed his threat to increase duties on Chinese imports and gave negotiators up till March 1 to strike a deal. The deadline was later extended.
The Chinese government also faces criticism for subsidising state-run companies and forcing multinationals to share patents and technology against access to its vast market. In retaliation for taxes on its exports, China cut the importation of US soybeans, which dropped to 341,000 tonnes between September 1 and mid December 2018, compared with 18 million tonnes in same period the previous year.
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