US-China trade talks end, no breakthrough

The White House says US and Chinese negotiators have ended two days of meetings without reaching a breakthrough in the two nations' trade dispute.

Trade talks between the United States and China have stalled.

Trade talks between the United States and China have stalled. Source: AAP

US and Chinese officials have ended two days of talks with no major breakthrough as their trade war escalates with activation of another round of duelling tariffs on $US16 billion ($A21.8 billion) worth of each country's goods.

"We concluded two days of discussions with counterparts from China and exchanged views on how to achieve fairness, balance, and reciprocity in the economic relationship," White House spokeswoman Lindsay Walters said in a brief emailed statement on Thursday.

The discussions included "addressing structural issues in China," including its intellectual property and technology transfer policies, Walters said.

The mid-level Trump administration officials participating in the talks would brief the heads of their agencies on the discussions, she added.

Implementation of the latest 25 per cent tariffs on Thursday did not derail the talks, led by US Treasury Under Secretary David Malpass and Chinese Commerce Vice Minister Wang Shouwen.

They were the first face-to-face US-China meetings since early June to try to find a way out of a deepening trade conflict and escalating tariffs.

Earlier, a senior Trump administration official downplayed chances for success, saying China had yet to address US complaints about alleged misappropriation of US intellectual property and industrial subsidies.

"In order for us to get a positive result out of these engagements, it's really critical that they (China) address the fundamental concerns that we have raised," the official said on a press call on the new US security review law for foreign acquisitions.

"We haven't seen that yet, but we are going to continue to encourage them to address problems that we have raised."

In a brief statement on Friday, the Chinese commerce ministry said both sides had a "constructive" and "candid" exchange over trade issues, and will stay in touch on the next steps.

China's Commerce Ministry said in Beijing it has filed a complaint with the World Trade Organisation over the latest round of US tariffs.

The two countries have now targeted $US50 billion of each other's goods and threatened duties on most of the rest of their bilateral trade, raising concerns that the conflict could dent global economic growth.

The White House appears to believe it is winning the trade war as China's economy slows and its stock markets tumble.

Economists reckon that every $US100 billion of imports hit by tariffs would reduce global trade by around 0.5 per cent.

They have assumed a direct impact on China's economic growth in 2018 of 0.1 to 0.3 percentage points, and somewhat less for the US, but the impact will be bigger next year, along with collateral damage for other countries and companies tied into China's global supply chains.

Trump on Monday told Reuters in an interview he did not "anticipate much" from this week's talks.

Chinese Foreign Ministry spokesman Lu Kang would not reveal any details of the talks during a daily news briefing.

"We hope that the US side can meet China halfway, and with a rational, pragmatic attitude, conscientiously with China get a good result," Lu said.


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