UP

China, US to hold trade talks in early October

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

China says trade negotiations aimed at ending a protracted tariff war with the United States are scheduled to resume in Washington next month.

Axar.az reports citing Press Tv that China’s Ministry of Commerce announced in a statement on Thursday that US and Chinese trade negotiators had earlier in the day held a phone conversation and agreed to meet “in early October” for another round of talks.

Chinese Vice Premier Liu He spoke with US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin on the phone and both parties agreed to hold what will be the thirteenth round of high-level economic talks in Washington at the beginning of next month, according to the statement.

The last round of the US-China trade negotiations was held in Shanghai in July, which was hailed as “constructive” but ended with no announcements.

Over the past year, the world’s two biggest economies have been involved in a tense trade war, which escalated further on September 1 when both sides started implementing fresh levies on each other’s products.

US President Donald Trump initiated the trade war with China last year when he first imposed unusually heavy tariffs on imports from the country. Since then, the two sides have exchanged tariffs on more than 360 billion dollars in two-way trade.

Washington says a primary goal of the aggressive tariff strategy is to decrease the trade imbalance with China, which totaled 379 billion dollars in 2018.

Date
2019.09.05 / 11:09
Author
Axar.az
See also

Azerbaijan resumes crude oil exports to India

Oil prices keep climbing on world markets

Global oil prices rise again

Global oil prices decline

Oil prices continue to climb in global markets

Oil prices keep rising in global markets

Gold nears $3,700 in global markets

Oil prices keep climbing in global markets

Oil prices rise again on world markets

Oil prices continue to fall in global markets

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla