U.S., China trade talks to continue Friday -U.S. commerce chief


China is lifting a five-year ban on US poultry, a goodwill gesture at a time when the world's two biggest economies are trying to finalize a tentative trade deal.

According to him, China is an important export market for USA poultry farmers. Tyson Foods shares were up 4.6 percent in morning trade, Sanderson Farms rose 4.2 percent and Pilgrim's Pride Corp shares were up 2.2 percent, outperforming a largely flat stock market on Thursday.

The Commerce Ministry's remarks showed a sizeable distance still separates the Washington and Beijing dispute Trump's announcement last month that they had reached a "phase one" deal.

U.S. Trade Representative Robert Lighthizer has fought back against lifting any of the existing tariffs without firmer commitments from China.

China had banned all USA poultry and eggs since January 2015 due to an avian influenza outbreak, and imports tanked that year to a fifth of the US$390 million worth imported in 2014.

Hong Kong student's death fuels more anger against police
A still image from a social media video shows a police officer aiming his gun at a protester in Sai Wan Ho, Hong Kong on Monday. In Sha Tin in the northeast, authorities closed a subway station after protesters broke windows and damaged a ticket machine.

China's resumption of United States poultry imports comes as the world's two largest economies are trying to finalise a limited trade deal that focuses largely on increased Chinese purchases of American farm products and the opening of China's financial services market.

Trump last month held off on a round of tariff increases, and White House officials have suggested that as part of the current mini-deal he could delay fresh tariffs on $160 billion worth of Chinese goods planned for mid-December.

The U.S., according to the representative, exported more than 500 million dollars worth of poultry products to China in 2013.

Beijing has a tariff of about 25% on US poultry from before the ban, which is in line with its duties for other countries, Sumner said. In addition, it is demanding the roll-back of existing US tariffs as part of any phase one deal. The Chinese Commerce Ministry said Thursday it still expected the United States to lift punitive tariffs on its imports, which Trump has sharply rejected.

China for years has been the biggest global market for chicken feet, which are called "paws" in the USA meat industry.