SINGAPORE (Jan 10):  UOB Global Economics & Markets Research says bilateral trade relations between the US and China will be “fraught with difficulties” despite the positive steps made with their first face-to-face meeting since their 90-day truce, which concluded on Jan 9 after a one-day extension.

Both parties released short statements following the meeting indicating they resolved to work towards some resolution.

Based on a Jan 9 statement released by the Office of the United States Trade Representative (USTR), the negotiations took place with a view to achieving “needed structural changes” in China with respected to forced technology transfer, intellectual property protection, non-tariff barriers, cyber intrusions and cyber theft of trade secrets for commercial purposes, services and agriculture.

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