The U.S. and China have resumed high-levels trade talks aimed at easing a trade standoff that has cast a cloud over the global economy. <br />For more on this and other news around the world we turn to our Ro Aram…<br />Aram… what's the latest?<br /><br />Well Mark…. There are reports that both sides are drawing up multiple MOUs that would form the basis of a final trade deal.<br />Though we have to wait until Friday before any official announcement is made, latest reports suggest the two countries are beginning to make some progress toward ending their near seven-month trade war.<br />Previous negotiations have all ended without an agreement, as Beijing resists most of the Trump administration's demands. <br />But, as a March deadline on fresh tariffs loom, both sides seem to be picking up steam. <br />U.S. media are reporting that negotiators are working on six MOUs that would cover areas including agriculture, non-tariff barriers, services, technology transfer and intellectual property.<br />This would be just a broad outline of what could make up a deal, but any major agreement will not likely come out after this week's talks.<br />China's Commerce Ministry has declined to comment on the MOUs.<br />U.S. Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He are also yet give any details of their first day of negotiations. <br />
