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

Elias Hubbard
August 16, 2018

China's Commerce Ministry said Thursday that a vice minister will travel to the U.S.at an unspecified date, at the invitation of the Treasury Department, to discuss trade issues.

In an attempt to solve the trade conflict between the United States and China, Beijing will send a delegation to meet with USA counterparts in Washington later this month. Since those talks ended, the US and China have been locked in a trade standoff as they slapped tariffs on billions of dollars of each other's goods.

There have been no high-level talks between the two sides since July, but sources told the South China Morning Post that the two countries made unofficial contact late last month to explore the possibility of resuming talks.

"China welcomes dialogue and communication on the basis of reciprocity, equality and integrity", it added.

US Commerce Minister Wilbur Ross held talks with Chinese Vice Premier Liu He in Beijing in June. Another $16 billion in levies will be effective later in August.

Following that, Washington imposed its first round of 25 tariffs on $34 billion of Chinese goods on July 6 in response to complains Beijing steals or pressures foreign companies to hand over technology.

Other reports by Click Lancashire

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