The US and China have ended two days of high-level economic talks with vows to co-operate on tackling their huge trade imbalance – but without producing any concrete measures to do so. The pledges followed negotiations that some experts said showed little progress had been made towards resolving the countries’ economic differences. The meetings came after the 100-day period of negotiations launched in April by US President Donald Trump and his Chinese counterpart Xi Jinping. Steven Mnuchin, US Treasury secretary, told the Financial Times the US had taken a “very big step” towards addressing its deficit with China, that Beijing had “heard… the marching orders” Trump had given his team, and that both sides were ready to start working on specifics. Wilbur Ross, commerce secretary, said he expected to negotiate dates and targets in coming talks. Wang Yang, a Chinese vice-premier and head of his country’s delegation, said both sides had “agreed to work constructively together to reduce [the] deficit.”
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