After months of back and forth and threats from both sides, representatives in China and the United States are meeting this week to discuss strategies to avoid a brewing trade war between the two countries. The US delegation arrived in Beijing on Thursday for two days of talks in an effort to smooth things over between the world’s two largest economies. President Donald Trump sent two his top advisers to the negotiations, choosing Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer.
Earlier this year, Trump threatened a series of tariffs on imported Chinese goods and China responded with of list of their own tariffs equalling billion of dollars on both sides. In addition to deescalating tensions, the US delegation hopes to make progress in a few other key areas. US officials are hoping to convince China to buy more US goods in an effort to cut the $375 billion deficit. The goal of the talks is to come out of the deal with an agreement by China to purchase an additional $50 billion worth of goods per year. The US also hopes to gain access to more foreign markets through negotiations with China. Lastly, American companies operating in China want Trump to pressure the Chinese government to do more to protect the integrity of their intellectual property. Trump has previously cited this theft and counterfeiting of goods as a major reason for imposing the tariffs.