Significant work remains in trade talks with China, according to a statement from U.S. Trade Representative Robert Lighthizer’s office. President Trump has indicated a deal could be reached in the next four weeks, but the two sides offered little details regarding last week’s meetings, according to Reuters.
Lighthizer says negotiation team members "will be in continuous contact to resolve outstanding issues." The most recent negotiations includedintellectual property, or IP, forced technology transfer, non-tariff barriers, agriculture, services, purchases and enforcement.
Agriculture Secretary Sonny Perdue has previously said the negotiations could conclude with a doubling or tripling of U.S. ag exports to China. U.S. agriculture is impatiently waiting for the results of the talks which stem from the trade war enacted last year between the U.S. and China.
The talks are now expected to conclude sometime within the next few months, well beyond the original deadline set by President Trump of March first. However, Trump extended the deadline because the talks were making progress.