BusinessWorld

New Round of US-China Trade Talks Begins on Monday

Moscow, Jan 7 (GCBusiness) US Deputy Trade Representative Jeffrey Gerrish will travel to Beijing on Monday for a fresh round of trade talks with Chinese officials.

He will be accompanied by senior officials from the White House, the Office of the US Trade Representative, and the US departments of Agriculture, Commerce, Energy, State, and Treasury.

The Chinese Commerce Ministry said the talks would last for two days. It said US and Chinese negotiators would discuss ways of implementing agreements reached by their presidents in early December.

Washington and Beijing have been locked in a trade war since US President Trump announced in June a 25 percent tax on $50 billion worth of Chinese imports, in a bid to fix the US-Chinese trade deficit.

Since, the two countries have exchanged several rounds of trade tariffs, levying duties of hundreds of billions of dollars.

President Trump and Chinese President Xi Jinping last month called for a truce in their escalating trade war after meeting on the sidelines of the G20 summit in Buenos Aires, but the two nations have yet to reach a final deal in their dispute.

Source
Via UNI-India

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