China state media sees positives in trade talks with U.S.

Members of U.S. trade delegation, Treasury Secretary Steven Mnuchin and Commerce Secretary Wilbur Ross, leave a hotel in Beijing, China, May 4, 2018. REUTERS/Thomas Peter

BEIJING (Reuters) - Chinese state media struck an optimistic note on trade talks between Chinese and U.S. officials after U.S. President Donald Trump threatened to impose tariffs on up to $150 billion in Chinese goods over allegations of intellectual property theft.

The English-language China Daily saw a “positive development” in the two days of talks in an agreement to establish a mechanism to keep the dialogue open, despite “big differences”, as part an effort to resolve trade disputes.