World News: 03:15 GMT Tuesday 30th July 2019. [Yahoo Business News Feed via SPi World News]
US and Chinese negotiators meet in Shanghai on Tuesday to resurrect trade talks between the world's two biggest economies, with both sides downplaying expectations of an imminent deal. The negotiations in China's financial hub will be the first face-to-face discussions since negotiations collapsed in May, when US President Donald Trump accused China of reneging on its commitments. Washington and Beijing have so far hit each other with punitive tariffs covering more than $360 billion in two-way trade, in a tense stand-off centred on demands for China to curb the alleged theft of American technology and provide a level playing field to US companies.
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