WASHINGTON (Reuters) - The United States and China have started to outline commitments in principle on the stickiest issues in their trade dispute, marking the most significant progress yet toward ending a seven-month trade war, according to sources familiar with the negotiations.
The world’s two largest economies have slapped tit-for-tat tariffs on hundreds of billions of dollars of goods, slowing global economic growth, skewing supply chains and disrupting manufacturing.
As officials hold high level talks on Thursday and Friday in Washington, they remain far apart on demands made by U.S. President Donald Trump’s administration for structural changes to China’s economy.
But the broad outline of what could make up a deal is beginning to emerge from the talks, the sources said, as the two sides push for an agreement by March 1. That marks the end of a 90-day truce that Trump and Chinese President Xi Jinping agreed to when they met in Argentina late last year.
Negotiators are drawing up six memorandums of understanding on structural issues: forced technology transfer and cyber theft, intellectual property rights, services, currency, agriculture and non-tariff barriers to trade, according to two sources familiar with the progress of the talks.
The Gaza war started on October 7, 2023, following the Hamas attack on a southern Israeli border town. Some 1200 people died, while Hamas took 250 Israelis as hostages.
History often has a way of repeating itself, sometimes by shaping similar personalities that seem destined to converge
On his second death anniversary, we pay our deepest respect and heartfelt tribute to General Lionel Balagalle, an illustrious son of Sri Lanka, a noble soldier, and an exemplary leader whose vision, dedication, and humility have left an indelible mark on the Sri Lanka Army and our nation.
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