ROUGH CUT - NO REPORTER NARRATION
A delegation of U.S. officials including deputy U.S. trade representative Jeffrey Gerrish left their hotel in Beijing on Tuesday (January 8) ahead of what is scheduled to be a second day of trade talks with Chinese officials.
This week's talks are the first U.S.-China face-to-face trade talks since U.S. President Donald Trump and his Chinese counterpart Xi Jinping met in December and agreed to a 90-day truce in a trade war that has roiled international markets.
Trump imposed import tariffs on hundreds of billions of dollars of Chinese goods to pressure Beijing to change its practices on issues ranging from industrial subsidies to hacking. China retaliated with tariffs of its own. On Monday (January 7) U.S. Commerce Secretary Wilbur Ross predicted that Beijing and Washington could reach a trade deal that "we can live with" as dozens of officials from the world's two largest economies resumed talks in a bid to end their trade dispute.
After the first day of talks wrapped up on Monday, Chinese importers made their third large purchase of U.S. soybeans in the past month, Chicago-based traders said. But China has bought only around 5 million tonnes since purchases resumed in December, less than 20 percent of the beans it bought a year earlier.