The U.S. and China have made the most significant progress to date in their trade talks, outlining commitments in areas such as intellectual property rights, services, currency and agriculture barriers to trade, Reuters reported.
Reuters wrote, “Negotiators are drawing up six memorandums of understanding on structural issues: forced technology transfer and cyber theft, intellectual property rights, services, currency, agriculture and non-tariff barriers to trade, according to two sources familiar with the progress of the talks.”
The two sides are seeking an agreement by March 1, which marks the end of a 90-day truce on the next round of tariffs. President Donald Trump and Chinese President Xi Jinping had agreed to the truce when they met in Argentina late last year to allow the negotiations to continue.
Trump also in recent days has indicated that the March 1 deadline could be extended.