The U. S. and China remain far apart on trade following high-level meetings between officials of both countries last week, U. S. Commerce Secretary Wilbur Ross said.
The U. S. and China remain far apart on trade following high-level meetings between officials of both countries last week, U. S. Commerce Secretary Wilbur Ross said.
Ross was part of a U. S. delegation led by Treasury Secretary Steven Mnuchin that met May 3-4 in Beijing with senior Chinese officials led by Vice Premier Liu He. Ross said the U. S. delegates briefed President Donald Trump after their return, and that Liu is expected to travel to Washington in the next couple weeks to continue discussions, Ross said.
“The good news there is a meaningful, very high level, very detailed dialogue. Bad news is we’re pretty far apart at this point in time,“ he said.
Ross said the U. S. sent the Chinese a multiple-page document ahead of the meetings detailing U. S. trade demands in terms of goods and services, as well as market access and intellectual-property rights.
