US rejects advance trade meeting with China

23rd January, 2019 10:38:54 printer

WASHINGTON: The United States has rejected Beijing's offer to hold preparatory talks in Washington ahead of next week's high-level trade delegation, according to media reports on Tuesday.

The reports by The Financial Times and CNBC sent US stocks sharply lower, reviving fears that efforts to resolve the US-China trade war could fail, reports AFP.

Citing a lack of progress on some of the thorniest issues in the trade dispute -- including allegedly forced technology transfers and structural reforms to China's economy -- Washington cancelled plans for a face-to-face preparatory meeting this week, according to The Times.