Monday, 6 May 2024

China says top US trade officials to visit Beijing on March 28-29

BEIJING (REUTERS) – A United States trade delegation headed by Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will visit China on March 28-29 for the next round of negotiations, China’s commerce ministry said on Thursday (March 21).

In return, Vice-Premier Liu He will travel to Washington in early April for more talks, according to ministry spokesman Gao Feng, as the world’s two biggest economies try to hammer out a trade deal to end months of disputes.

The face-to-face talks will be the first since US President Donald Trump delayed a March 1 deadline to avert a rise in tariffs on US$200 billion (S$269 billion) worth of Chinese imports to 25 per cent from the current 10 per cent.  

Mr Trump warned on Wednesday that the US may leave tariffs on Chinese goods for a “substantial period” to ensure that Beijing complies with any trade agreement, adding to uncertainty over the talks.

Source: Read Full Article

Related Posts