China-US to resume trade talks after tit-for-tat tariff battle

Adjust Comment Print

The initiative to resume talks followed a spate of tit-for-tat tariffs slapped by both the counties. China's government has issued a list of American goods for retaliation.

This month's meeting would be the first between senior USA and Chinese officials since June 3 talks in Beijing between Commerce Secretary Wilbur Ross and Vice Premier Liu He ended with no settlement.

China said on Thursday a delegation would attend the next round of trade talks with USA counterparts in Washington later this month, in the latest bid to diffuse a conflict that has set world markets on edge. "China welcomes communications and dialogue on the basis of reciprocity, equality and integrity", it said.

The visit of the Chinese delegation headed by the Vice Minister unlike in the past when it was led by Vice Premier Liu comes in the backdrop of the end of annual informal consultative meetings between top Chinese leaders at summer resort Beidaihe. The U.S. has imposed tariffs on tens of millions in Chinese imports with President Trump's warning of tariffs on hundreds of millions more in Chinese imports to the United States.

Man held on suspicion of killing wife, two kids in Colorado
Christopher Watts told Denver TV station 9News earlier in the week that he was hoping for the safe return of his family. Before he left for work a few hours later, he took in a last view of his daughters on a baby monitor, he said.

It's unclear whether the trade talks will take place before or after August 23rd, . which is when Washington is due to activate additional tariffs on 16-billion dollars of Chinese goods, .an action Beijing has vowed to respond in kind to immediately.

Liu Weidong, a U.S. affairs expert at the Chinese Academy of Social Sciences, said a key aspect of Wang's visit was to check whether further formal dialogue between the two nations was possible.

"A high-level Chinese delegation will travel to the U.S.in the coming days for trade talks after being invited by the Trump administration".

After negotiations in Washington in May, Beijing believed it had assurances from the US that tariffs were off the table, with Mnuchin saying the trade war and tariffs were "on hold".

Comments