Slow progress in trade talks is partly a result of China’s new tactic to wait


  • Markets
  • Thursday, 01 Aug 2019

US Trade Representative Robert Lighthizer (L) gestures towards US Treasury Secretary Steven Mnuchin (C) as he chats with Chinese Vice Premier Liu He (R) before they pose for a "family photo" at the Xijiao Conference Centre in Shanghai on July 31, 2019. - Chinese and US negotiators held talks in Shanghai on July 31 in a bid to bring an end to a year-long trade war, with the meeting overshadowed by a Twitter tirade from President Donald Trump. (Photo by Ng Han Guan / POOL / AFP)

SHANGHAI: Plodding progress in trade negotiations between the U.S. and China this week is partly the result of a new tactic from Beijing, which increasingly thinks waiting may produce a more-favorable agreement.

U.S. and Chinese trade negotiators held four hours of talks Wednesday, after a dinner the night before, and then wrapped up their first face-to-face meeting since negotiations foundered more than two months ago. Both sides described the talks as constructive and said the next round will be held in September.

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