China cancels trade talks with US

Marco Green
September 24, 2018

Chinese officials canceled the planned negotiations after Trump announced he would impose new levies of up to 10 per cent on another $200 billion in Chinese imports, effective Monday.

The meeting was meant to discuss how to de-escalate the ongoing trade war between the U.S. and China, which began in July.

China has retaliated by hitting $60 billion (R858 990 000 000,00) in U.S. products and the world's two largest economies have already imposed tariffs of $50 billion (R715 825 000 000,00) on each other.

The effort crumbled a week after Trump tweeted the White House felt "no pressure" to resolve the dispute with China.

The trade tensions have also cast a pall over relations between Beijing and Washington, with the two sides already butting heads on a growing list of issues.

China cancelled trade talks with the United States and will no longer send Vice-Premier Liu He to Washington next week, the Wall Street Journal reported, citing unidentified people briefed on the matter.

"We are going to win it", Pompeo said in an interview on Fox News broadcast Sunday.

Phone inquiries to the Ministry of Commerce went unanswered Saturday. Though Beijing has not revealed what such steps might be, business executives and analysts say China could withhold exports of certain products to the USA or create more administrative red tape for American companies. China responded by adding $60 billion of USA products to its import tariff list.

Other reports by Click Lancashire

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