White House reports progress in China trade talks

The White House says it is making progress in talks with China on trade.
 
A team led by U.S. Trade Representative Robert LighthizerRobert (Bob) Emmet LighthizerGOP senator warns quick vote on new NAFTA would be 'huge mistake' Pelosi casts doubt on USMCA deal in 2019 Pelosi sounds hopeful on new NAFTA deal despite tensions with White House MORE and Treasury Secretary Steven MnuchinSteven Terner MnuchinThe Hill's Morning Report — Sanders, Dems zero in on Super Tuesday Bloomberg proposes financial transaction tax GOP senators offering bill to cement business provision in Trump tax law MORE met with negotiators in China this week to seek changes to the U.S.-China trade relationship that might allow the lifting of tariffs imposed on Chinese imports by President TrumpDonald John TrumpComey responds to Trump with Mariah Carey gif: 'Why are you so obsessed with me?' Congress to get election security briefing next month amid Intel drama New York man accused of making death threats against Schumer, Schiff MORE.
 
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China responded to those imports with its own actions, which have led to steep cuts in sales of soybeans and other products in China from U.S. farmers.
 
"The two parties continued to make progress during candid and constructive discussions on the negotiations and important next steps," the statement Friday from the White House said.
 
Chinese Premier Li Keqiang said Thursday that the country would expand access for foreign financial firms in China.
 
Last year, Trump imposed steep tariffs on $250 billion worth of Chinese imports in a bid to pressure Beijing on a range of issues that include intellectual property and technology transfer.
 
The talks have dragged, and a planned meeting between Trump and Chinese President Xi Jinping was postponed until April.
 
In a Tweet, Mnuchin said he looked forward to continuing the talks.