Mnuchin: China, US trade talks in Beijing 'constructive'

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Mnuchin: China, US trade talks in Beijing 'constructive'
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Chinese and U.S. negotiators adjourned trade talks in Beijing on Friday with Treasury Secretary Steven Mnuchin saying they had been 'constructive.'

Chinese and U.S. negotiators adjourned trade talks in Beijing on Friday with U.S. Treasury Secretary Steven Mnuchin saying they had been "constructive."

Mnuchin and Lighthizer attended a working dinner with Liu on Thursday night, shortly after their arrival in the Chinese capital. It was not clear when the U.S. envoys planned to leave Beijing.expressed optimism about the talks last week, saying, "we're getting very close." Lighthizer said earlier this week that questions about details and enforcement remained to be answered.

A stumbling block appears to be Washington's insistence on an enforcement mechanism with penalties if Beijing fails to follow through on commitments. But trade analysts expect at least a preliminary accord in coming weeks or months. However, Trump postponed another tariff hike that had been set for March 1. That may have reduced U.S. leverage in seeking Chinese concessions.

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