China hails ‘progress’ in trade talks, but US warns of ‘significant’ work ahead

Negotiators meet again on Monday to resolve dispute that has cast a shadow over global financial markets

China said “new progress” had been made in trade talks with the United States as the two sides prepare to resume discussions next week to try to secure a pact that would end a tit-for-tat tariff battle that has cast a shadow over global markets.

In a short statement on Sunday, Chinese news agency Xinhua said the remaining issues would be handled through “various effective means”.

Related: IMF chief warns of slower growth for most countries worldwide

Continue reading…