China, US to Give Trade Talks Another Shot

Sean Reid
August 17, 2018

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

Cinna's Commerce Ministry says visiting at the invitation of the US.

A senior Chinese delegation will visit the United States for trade talks later this month, the Commerce Ministry announced on Thursday.

In an attempt to solve the trade conflict between the USA and China, Beijing will send a delegation to meet with USA counterparts in Washington later this month.

There was no immediate response from the US Treasury to the announcement from Beijing.

News of the talks boosted China's yuan currency and its stock markets, which have been hit hard by negative sentiment related to the trade war and a slowing domestic economy.

A Chinese trade delegation will visit the U.S. this month to kick off a new round of talks, the first since negotiations broke down two months ago.

Easing trade tensions helped lift Chinese copper futures off 14-month lows.

The meeting would end what had been a lull in talks between the two sides, but it is unclear whether it will take place before or after August 23, when Washington is due to activate additional tariffs on $16 billion of Chinese goods.

But less than 10 days later, the White House said it would push forward on planned tariffs on $50 billion of Chinese imports and curbs on investments by Chinese companies in the United States.

Those tariffs will be the latest action in an ongoing tit-for-tat exchange of duties between the two countries, prompting concerns of an escalating trade war between the world's two largest economies.

Other reports by

Discuss This Article