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00:00:00
with the deadline for a big bump in tariffs just a fortnight away US trade secretary Stephen minu chin sat down with China's top trade official in Beijing for talks on Thursday the summit between the US delegation and a Chinese team led by vice premium knew her is part of a push to de escalate trade conflict between the US and China that has roiled global markets for nearly a year and the pressure to find a solution is on US tariffs on two hundred billion dollars of Chinese imports are set to rise to twenty five percent from ten percent on March one for today the high level talks follow three days of meetings between advises from both sides and on Wednesday Donald Trump was upbeat about progress at the deputy level we have a big team of people very talented people over in China right now %HESITATION negotiating on the China deal it's going along very well we'll see what happens trumps advises have cold much want a hot deadline but on Thursday Bloomberg reported that trump was considering pushing the tariff increase out by sixty days to give negotiations between the world's two biggest economies more time so far Beijing is should very little information on the trade talks and China's commerce ministry said they'd wait until talks with finished before making any comment but Chinese trade data from Thursday showed imports from the US would down by more than forty percent from one year before the Beijing talks a set to last until Friday