AI News, U.S., China leave next steps for trade talks unclear

U.S., China leave next steps for trade talksunclear

(AP) — The United States and China gave no indication of their next step after wrapping up talks aimed at resolving a tariff fight that threatens to chill global growth.

in Chinese technology policy, market access, protection of foreign patents and copyrights and cyber theft of trade secrets.

Washington also wants changes in an array of areas including the ruling Communist Party’s initiatives for government-led creation of global competitors in robotics, artificial intelligence and other industries.

Chinese exports to the U.S. have held up despite tariff increases, partly due to exporters rushing to fill orders before more increases hit.

China has imposed penalties on $110 billion of American goods, slowing customs clearance for U.S. companies and suspending issuing licenses in finance and other businesses.

Those include subsidies and other favors for high-tech and state-owned industry, rules on technology licensing and preferential treatment of domestic suppliers in government procurement.

Chinese officials say their companies are treated unfairly in national security reviews of proposed corporate acquisitions, though almost all deals are approved unchanged.

This week’s talks went ahead despite tension over the arrest of a Chinese tech executive in Canada on U.S. charges related to possible violations of trade sanctions against Iran.

US, China leave next steps for trade talks unclear

BEIJING (AP) — The U.S. and China gave no indication of next steps after wrapping up mid-level talks in Beijing meant to resolve a tariff fight that threatens to chill global growth and further roil financial markets.

China's Ministry of Commerce said Thursday that the two sides would 'maintain close contact,' as renewed uncertainty cast a pall over share prices that had surged in anticipation of good news.

The U.S. Trade Representative, which leads the American side of the talks, said negotiators focused on China's pledge to buy a 'substantial amount' of agricultural, energy, manufactured goods and other products and services.

However, the USTR statement emphasized American insistence on 'structural changes' in Chinese technology policy, market access, protection of foreign patents and copyrights and cyber theft of trade secrets.

Washington also wants changes in an array of areas including the ruling Communist Party's initiatives for government-led creation of global competitors in robotics, artificial intelligence and other industries.

Those include subsidies and other favors for high-tech and state-owned industry, rules on technology licensing and preferential treatment of domestic suppliers in government procurement.

This week's talks went ahead despite tension over the arrest of a Chinese tech executive in Canada on U.S. charges related to possible violations of trade sanctions against Iran.

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