China-US trade talks still with work to do as 100-day action plan deadline arrives

Today (Sunday) heralds the end of 100-day action plan for China-US trade talks

The talks began in April and have reopened China's market to U.S. beef after 14 years and prompted Chinese pledges to buy U.S. liquefied natural gas. American firms have also been given access to some parts of China's financial services sector.

Those initiatives were announced in May but, according to Reuters, US firms say much more needs to be done.

When Xi and Trump for the first time they agreed to a 100-day plan for trade talks aimed at boosting U.S. exports and trimming the U.S. trade deficit with China.

The U.S. goods trade deficit with China reached $347 billion last year. The gap in the first five months of 2017 widened about 5.3 percent from a year earlier, according to U.S. Census Bureau data.

More details on the 100-day plan are expected to be announced in the coming week as senior U.S. and Chinese officials gather in Washington for annual bilateral economic talks, rebranded this year as the "U.S.-China Comprehensive Economic Dialogue."

A U.S. Commerce Department spokesman has said:

"We hope to report further progress on the 100-day deliverables next week," "That will be the basis for judging the extent of progress"

More from Reuters here

Xi and Trump play rock, paper scissor to see who pays the bill

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