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  HOME | Business & Economy (Click here for more)

China, US Discuss Upcoming Trade Negotiations

BEIJING – Chinese vice premier Liu He spoke on Tuesday with United States Treasury Secretary and Trade Representative, Steven Mnuchin and Robert Lighthizer, respectively, to discuss upcoming trade negotiations, the Chinese ministry of commerce said.

In a phone call, Liu spoke with Mnuchin and Lighthizer to discuss a roadmap for talks amid an ongoing trade dispute between the two countries.

In a brief statement, the ministry of commerce said that the sides exchanged views on the implementation of the consensus reached at the meeting between Chinese president Xi Jinping and his US counterpart Donald Trump and the roadmap for the upcoming round of talks.

The telephone call was made by the Chinese vice premier, who led the failed round of talks with the US in recent months, the statement said.

Both China and the US have denied that these discussions are related to the arrest in Canada at the request of the US of telecom giant Huawei’s chief financial officer, Meng Wanzhou, over alleged breaches of sanctions imposed by Washington on Iran.

On Dec. 1, the day that Meng was arrested, Xi and Trump met on the sidelines of the G20 summit in Buenos Aires and declared a truce in their trade dispute.

If there is no “satisfactory solution” to US concerns by March 1, the end of the truce’s 90-day deadline of the truce, tariffs on $200 billion worth of Chinese goods will rise from the current 10 percent to 25 percent, Lighthizer warned.

 

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