Published: Fri, July 05, 2019
Global News | By Blake Casey

China says US tariffs must be lifted for trade deal

China says US tariffs must be lifted for trade deal

An official from the Office of the U.S. Trade Representative said later that the two sides were in the process of scheduling a principal-level phone call with Chinese officials for next week.

The call would mark the resumption of trade negotiations between USA and Chinese ministerial-level officials for the first time since early May.

Trump's announcement of a détente with China came days after his Treasury secretary said that the USA and China were closer to a finalized deal than they'd been since the president took office.

For any deal to be reached, the remaining tariffs should be removed, Gao said when asked how long the trade truce can last. Since then, the two sides have exchanged several rounds of tariffs.

"Those talks will continue in earnest this coming week", Kudlow told reporters.

Trump and Xi agreed at the G-20 summit in Japan to withhold from slapping additional tariffs on each other's products as the two sides return to the negotiating table in a bid to finalize a trade agreement.

Those involved in circulating the letter began preparing the document about one-and-a-half months ago, when tensions between the countries intensified as the USA moved to restrict exports to Chinese telecom giant Huawei.

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Kudlow said face-to-face meetings would resume "soon", Reuters reported. "They will be on the phone this coming week", Kudlow said, according to Bloomberg News.

In the negotiations with China, the U.S. side was led by U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin while China's principal negotiator was Vice Premier Liu He.

To facilitate the dialogue with China, Trump made two concessions at his meeting with President Xi.

The United States now has tariffs of 25 percent on $250 billion of Chinese goods, ranging from furniture to semiconductors. "We are hoping that China will toe its end of it by purchasing a good many of American imports".

It says United States efforts to treat China as an enemy will undermine the economic interests of all nations.

A source in the report says there is confusion about what was agreed and now Beijing wants "first to see how - and if - the Trump administration would ease the supply ban on Huawei, as promised by Trump".

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