China-United States head for trade negotiation, signs ending trade war

Adjust Comment Print

Although Chinese and US officials have been in constant contact since the meeting between Trump and Xi in Argentina, China has not been clear on the specifics of what the USA has said it wants from them, according to two people in Beijing with knowledge of the talks.

In their place will be officials from both offices, Deputy US Trade Representative Jeffrey Gerrish and Treasury Under Secretary for International Affairs David Malpass, the sources said.

Chinese Ministry of Commerce spokesman Gao Feng confirmed that the two sides planned to sit down for talks next month, although he didn't provide a date for the meeting during his regular briefing in Beijing on Thursday.

The meeting next month will be the first meeting of the two leaders, U.S. President Donald Trump and China's President Xi Jinping, since their talks in Buenos Aires on December 1. U.S. Treasury Secretary Steven Mnuchin said last week the U.S. team and its counterparts have held discussions over the phone, South China Morning Post reported.

China's customs administration announced Friday it had approved U.S. rice imports, a move that comes during a 90-day tariff truce between the two countries which are engaged in a bruising trade war.

Trump and Xi agreed to stop escalating tit-for-tat tariffs that have disrupted the flow of hundreds of billions of dollars of goods between the world's two biggest economies.

According to a notice by China's customs authority, US rice that meets inspection and quarantine requirements can enter the country. Visit MarketWatch.com for more information on this news.

More news: Newcastle boss Benitez: Liverpool good enough to win the title
More news: Celtics’ Aron Baynes out 4-6 weeks after surgery on finger
More news: Donald Trump questions seven-year-old boy's belief in Santa

During a regular briefing, Chinese commerce ministry spokesperson Gao Feng said: "The Chinese and USA economic and trade teams have always maintained close communication".

On Sunday, a meeting of the Standing Committee of the National People's Congress (NPC, China's legislature) saw a draft law that would allow IP theft victims to claim "punitive damages".

Trump agreed to postpone tariff hikes on $200 billion of Chinese imports planned for January 1.

The two sides are maintaining "close communication", Gao said.

Since then, China has cut tariffs on vehicles imported from the USA, resumed the purchase of soya from the North American country and submitted a draft law to prohibit forced technology transfers. -China trade negotiations will reach an agreement by the March 1 "hard deadline" stressed by U.S. Trade Representative Robert Lighthizer.

"When I talk to the president of the United States he is not talking about going beyond March".

Comments