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Saturday, November 14, 2026Nov 14

Stocks rise along with optimism over U.S.-China trade talks

A Chinese paramilitary policeman stands guard at the main entrance gate of the Ministry of Commerce in Beijing, Wednesday, Jan. 9, 2019. U.S. and Chinese envoys extended trade talks into a third day Wednesday after President Donald Trump said negotiations aimed at ending a tariff war were "going very well!" (AP Photo/Oliver Zhang)
A Chinese paramilitary policeman stands guard at the main entrance gate of the Ministry of Commerce in Beijing, Wednesday, Jan. 9, 2019. U.S. and Chinese envoys extended trade talks into a third day Wednesday after President Donald Trump said negotiations aimed at ending a tariff war were "going very well!" (AP Photo/Oliver Zhang)

WASHINGTON (AP) – Three days of U.S.-Chinese talks aimed at ending a costly tariff battle wrapped up Wednesday in an optimistic atmosphere, with President Donald Trump saying they were “going very well!”

A statement from the Office of the U.S. Trade Representative did not characterize the tone of the talks or say what would happen next, noting only that the U.S. delegation would await “guidance on the next steps” after reporting back to Washington

The U.S. statement said the negotiations dealt with the need for any deal with China to be “subject to ongoing verification and effective enforcement” – a comment that reflects U.S. frustration that the Chinese have failed to live up to past commitments.

The U.S. also said the negotiations “focused on China’s pledge to purchase a substantial amount of agricultural, energy, manufactured goods and other products and services from the United States.” Trump has complained repeatedly about the U.S. trade deficit with China, which last year likely exceeded the 2017 gap of $336 billion.

“We’re optimistic,” White House press secretary Sarah Huckabee Sanders told the Fox Business Network, adding that “we expect that something will come of this. I don’t know the timing and exactly what that will look like, but what I can be sure of is that we are moving towards a more balanced and reciprocal trade agreement with China.”