Highly-anticipated trade talks between senior officials from the U.S. and China ended in Shanghai on Wednesday with little progress made between the world's two economic superpowers.<br />However, they will pick things up again early next month,... meaning a flicker of hope remains for a possible breakthrough in the future.<br />Park Hee-jun reports. No deal between the U.S. and China.<br />The two sides wrapped up their two-day trade negotiations in Shanghai on Wednesday,... with no clear progress made.<br />However, they did agree to continue talks in Washington in early September.<br /><br />It was their 12th round of negotiations and the first face-to-face between the two sides in two months.<br />The U.S. delegation was led by Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer.<br />The Chinese delegation, by Vice Premier Liu He.<br /><br />The White House described the talks as "constructive".<br />It said the two sides discussed a range of topics from forced technology transfer and intellectual property rights to non-tariff barriers.<br />It added China promised to buy more U.S. farm products.<br />That's expected to offer some relief to the U.S. agriculture industry that's been impacted by the trade dispute.<br />China's Commerce Ministry also labeled the Shanghai negotiations "candid, highly effective and constructive."<br /><br />According to the Wall Street Journal,... the limited progress was partly a result of China's tactic to try and reach a more favorable outcome.<br />It said the Chinese appear willing to negotiate,... but are stalling in the belief they can extract better terms from the U.S. by not rushing into concessions.<br />Trump tweeted on the first day of the negotiations that he expected Beijing to engage in such a strategy.<br />But he warned it would not be a smart approach,... saying it will be more difficult for China to reach a deal if he's re-elected in 2020.<br />With the lack of progress made in Shanghai,... there's growing skepticism the trade conflict can be resolved before the U.S. presidential elections are held in November of next year.<br />Park Hee-jun, Arirang News.<br />
