President Donald Trump said some discussions were taking place on Thursday, with more talks scheduled.. Read more at straitstimes.com.
WASHINGTON/BEIJING - The United States and China gave signs on Thursday that they will resume trade talks as the two economic superpowers discussed the next round of in-person negotiations in September ahead of a looming deadline for additional US tariffs.
"There is a talk scheduled for today at a different level," Mr Trump said in an interview with Fox News Radio, without giving details. The Trump administration on Sunday is scheduled to begin collecting 15 per cent tariffs on more than US$125 billion in Chinese imports, including smart speakers, Bluetooth headphones and many types of footwear.
CANCEL THE TARIFFS In Beijing, Chinese commerce ministry spokesman Gao Feng told reporters that China hopes Washington can cancel the planned tariff increase to avoid an escalation in the trade war. For two years, the Trump administration has sought to pressure China to make sweeping changes to its policies on intellectual property protection, forced transfers of technology to Chinese firms, industrial subsidies and market access.
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