Trade War : Chinese commerce ministry says discussing September talks with US but hopes for favourable conditions

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Beijing, August 29: The Chinese commerce ministry on Thursday said Beijing and Washington are currently discussing the possible next round of bilateral trade talks in September but hopes the United States can generate favourable conditions.

Commerce ministry spokesperson Gao Feng told Reuters on Thursday Bejing hopes the US can abandon its planned imposition of additional tariffs in order to avoid the escalation in the bilateral trade war.

Addressing a weekly media briefing, Feng said, “The most important thing at the moment is to create necessary conditions for both sides to continue negotiations,” adding, China was filing “solemn representation” with Washington.

He also reiterated Beijing had “ample” retaliatory duties if the US eventually made attempts to impose its planned measures, but was keen to resolve the trade issue calmly.

“We hope the United States will show sincerity and concrete actions,” the spokesperson added, according to Reuters.

US President Donald Trump on Monday said China is keen to roll back to the “calm” negotiation table and that the world’s two largest economies are expected to kick-off their trade talks soon.

Trump praised and welcomed Chinese leader Xi Jinping’s willing to crack a trade deal in the midst of ongoing trade war, on the sidelines of the G7 summit held in the French city of Biarritz.

According to CNBC news, Trump said Bejing called last night “our top trade people and said ‘let’s get back to the table’ so we will be getting back to the table and I think they want to do something”.

 

 

 

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