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US, China resume trade talks with scant hopes for progress

Posted at 9:07 PM, Jul 30, 2019
and last updated 2019-07-31 00:07:26-04

SHANGHAI (AP) — U.S. and Chinese negotiators have resumed talks aimed at ending a tariff war over trade and technology amid scant expectations for progress.

This week’s meeting is the first since Presidents Donald Trump and Xi Jinping agreed to resume negotiations that broke down in May.

Economists say the truce is fragile and quick breakthroughs are unlikely because the two sides still face the same disagreements, with no indication either government is ready to offer major concessions.

The dispute over U.S. complaints that Beijing steals or pressures companies to hand over technology has battered exporters on both sides and disrupted trade in goods from soybeans to medical equipment.