The agreement is now in place. What now?
Well experts say the outcome of the talks is generally positive.
But many point out that the agreement lacks specifics, especially on U.S. intellectual property or the treatment of Chinese tech giant ZTE, a sticking point between the two countries.
In the statement, they just agreed to strengthen cooperation on IP protections and that China will advance amendment to its patent laws.
There is also no dollar figure attached to the U.S. trade deficit with China.
Just before the second trade talks, both countries were sharply at odds over a claim, made by White House Economic Advisor Larry Kudlow, who said China would slash its trade deficit with the U.S. by 200 billion dollars by 2020.
That characterization was disputed by Chinese officials.
So the fundamental differences on trade and other economic issues remain unresolved.
The U.S. plans to send a team -- led by Commerce Secretary Wilbur Ross -- to China to hammer out the details.
So we'll have to see how that goes.
A trade war has been averted, but there still may be frictions along the way.
Thank you Hyesung for your explanation.
My pleasure, Semin.
