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US trade delegation in Beijing for third round of crucial talks


SEVERAL senior US officials are in Beijing to re-engage with Chinese officials in hopes of resolving Trump administration concerns regarding several of China's trade practices, the White House announced.

Talks start today at the deputy level, led by Deputy US Trade Representative Jeffrey Gerrish. US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Beijing for principal-level meetings on Thursday and Friday.

Other US delegation members include USTR Chief Agricultural Negotiator Gregg Doud, Treasury Under Secretary for International Affairs David Malpass, Agriculture Department Under Secretary for Trade and Foreign Agricultural Affairs Ted McKinney, Under Secretary of Commerce for International Trade Gilbert Kaplan and National Economic Council Deputy Director Clete Willems, among several others.

Section 301 tariffs across US$200 billion worth of goods from China in 2017 import value will rise from 10 per cent to 25 per cent on March 2 if the US and China can't strike a deal by then to ease trade tensions, reports American Shipper.

The US is seeking changes to several Chinese commercial practices, including forced technology transfer, intellectual property theft and cyber-theft of US commercial property.

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