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U.S., China upbeat on trade talks, but South China Sea tensions weigh

BEIJING/WASHINGTON (Reuters) – U.S. and Chinese officials expressed hopes on Monday that a new round of talks would bring them closer to easing their seven-month trade war, but a U.S. Navy mission through the disputed South China Sea cast a shadow over the negotiations in Beijing.

The world’s two largest economies are trying to hammer out a deal before a March 1 deadline, after which U.S. tariffs on $ 200 billion worth of Chinese imports are scheduled to increase to 25 percent from 10 percent.

Washington is expected to keep pressing Beijing on long-standing demands that it make sweeping structural reforms to protect American companies’ intellectual property, or IP, end po…
Reuters: Business News

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