Time is running out for the US-China trade talks — but American firms still have big questions - Recent News from USA
President Donald Trump and China's President Xi Jinping meet business leaders at the Great Hall of the People in Beijing, China, November 9, 2017.

Time is running out for the US-China trade talks — but American firms still have big questions

Brilliant is not the only one who has raised doubts over the progress in the U.S.-China trade talks. Reuters reported that groups, such as the U.S.-China Business Council, were not expecting any breakthrough from this week’s negotiations.

Any meaningful progress on trade between the two countries is “still a very long way” away, said Steve Okun, senior advisor at consulting firm McLarty Associates.

“For the trade talks this week, nothing significant is going to happen,” Okun, a trade expert and a board member of the American Chamber of Commerce in Singapore, told CNBC’s “Capital Connection” on Thursday.

“We’re not going to know if those structural changes are going to take place (in China) … that can’t happen by March 1 but because the atmospheric around these trade talks are likely to be very positive, especially when President Trump meets (China’s) Liu He, the markets are going to take that as a sign that progress has been made. But there is still a very long way to go,” he added.

Trump and Liu — China’s vice premier and Xi’s top economic advisor — are expected to meet while the Chinese delegation is in Washington.

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