Senior Chinese and US trade officials spoke by telephone on Monday ahead of talks between Chinese President Xi Jinping and US President Donald Trump set for later this week, as the world’s two largest economies remain locked in a tariff war.
Opec’s Secretary General said on Wednesday a trade deal between the United States and China would boost the global economy and would help lift a “dark cloud” over the oil market.
Imports of US goods fell 22.5% from a year earlier to $10.3 billion following Chinese tariff hikes and orders to companies to cancel orders, customs data showed Sunday. Exports to the United States, China's biggest market, sank 16% to $44.4 billion.
WASHINGTON: China made no concessions to the United States after President Donald Trump postponed threatened tariffs on some Chinese imports until mid-December, senior US officials said on Wednesday, adding that talks aimed at resolving the trade fight would continue and markets should be patient.
President Donald Trump offered an upbeat assessment of US-China trade talks and said he would meet at the White House on Friday with the leader of the Chinese negotiating team.
China’s Vice Premier Liu He, US Trade representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin held a phone call on issues related to a phase one trade agreement on Tuesday
China’s commerce ministry said on Thursday that China hoped to reach a phased agreement with the United States over trade as early as possible, and make progress on cancelling tariffs on each others’ goods.
US and Chinese trade negotiators will resume talks in Washington in early October, Beijing said on Thursday, after new punitive tariffs raised fears of a breakdown in the protracted negotiations.
China and the United States are still discussing details about upcoming trade talks in October, making preparations to ensure “positive progress” is made during the negotiations,
The cancellation followed criticism by opposition parties, which denounced Wednesday's lifting of a two-year-old ban on the import of cotton and sugar from India, saying the government had acted without parliament's approval.