From cyber theft to currency, US and China chalking out 6 broad trade deals

Top US and Chinese trade officials are working this week to hash out language on six broad agreements that aim to resolve the most contentious issues in their seven-month trade war.

The world’s two largest economies are trying to beat a March 1 deadline for a deal that averts a scheduled increase in US tariffs on $200 billion of Chinese goods to 25 per cent from 10 per cent. US President Donald Trump has said he may be flexible on the deadline if he sees progress towards a deal.

Sources familiar with the talks told Reuters that negotiators are working on six memorandums of understanding for actions to be taken by China on structural reforms to trade and economic policies.