The Trump administration is pushing for a way to make sure China delivers on its commitments in any deal the two nations reach to end the trade war that has roiled financial markets and dimmed the outlook for global growth.
Today, the U.S. wrapped up three days of midlevel talks with China in Beijing, noting a commitment by President Xi Jinping's government to buy more U.S. agricultural goods, energy, and manufactured products. But in a statement Wednesday, the office of U.S. Trade Representative (USTR) Robert Lighthizer also said it wants any deal to include “ongoing verification and effective enforcement.” The U.S. will decide on next steps after officials report back to Washington, USTR said.
Investors welcomed signs of optimism from the talks. Stocks rose globally after the two economic powers appeared to inch closer to an agreement. The S&P 500 Index rose for a fourth day, to the highest in almost a month.
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