Published: Sat, July 06, 2019
Global News | By Blake Casey

China trade officials aim to talk next week, officials say

China trade officials aim to talk next week, officials say

Talks between the two sides broke down in May after US officials accused China of pulling back from commitments it had made previously in the text of an agreement that negotiators said was almost finished.

Top representatives of the United States and China are organising a resumption of talks for next week to try to resolve the year-long trade war, Trump administration officials said yesterday. If China and the U.S. were to eventually reach a trade deal, the existing USA tariffs should all be lifted, and the agreement must be mutually beneficial, bidirectional and balanced, in which China's core concerns must be met.

File picture shows China's Ministry of Commerce spokesperson Gao Feng attending a news conference in Beijing, China April 6, 2018.

The U.S. and China will reportedly resume their trade talks next week in Beijing.

The two sides have already been in communication by phone since the weekend, when Trump and Chinese President Xi Jinping (習近平) agreed to relaunch talks that had stalled in May after USA officials accused China of pulling back from commitments made in the text of an agreement that negotiators had said was almost finished.

According to the South China Morning Post, the Asian country will not buy United States soybeans until the White House clarifies its position in the Trade War. While Trump said he would hold off imposing additional tariffs on $300 billion of Chinese goods as part of the truce, his top trade negotiators have insisted that some duties will stay in place even after a deal as a way to enforce it. "China's attitude on that is clear and consistent".

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China welcomes the US decision not to slap new tariffs on its goods, Gao said, when asked how long the trade truce can last.

Washington now has tariffs of 25 percent on $250 billion of Chinese goods, ranging from furniture to semiconductors.

Referring to concessions made by the United States to China on telecommunications giant Huawei, Kudlow characterized the adjustment as one of having "slightly opened up the general merchandise applications for export licenses - not national security".

China is apparently considering buying some agricultural goods from the U.S. as a gesture of goodwill, but so far, there has been no sign of the "tremendous" purchases that President Donald Trump said China had promised to make.

Following his summit with Xi, Trump said he would ease a ban on Huawei by allowing USA supplies to sell the company components if they don't pose a national security concern.

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