China Is Ready To Continue Trade Talks With US

Forex News

The US and China completed their last round of talks on Sunday, when US Commerce Secretary Wilbur Ross and his delegation left Beijing without a public statement. Beijing warned that any trade and business deals reached with Washington would be void if the United States implemented tariffs. Still, the China’s Foreign Ministry stated today, that the country is ready to continue trade negotiations with Trump’s administration.

At the talks in Beijing this weekend, "the two sides had good exchanges of views on implementing the consensus reached in Washington, particularly in the areas of agriculture and energy," Xinhua (the China’s the official news agency) reported.

The United States and China have threatened tit-for-tat tariffs on goods worth up to US$150 billion each. Last week, the White House warned it would pursue tariffs on $50 billion worth of Chinese imports, as well as impose restrictions on Chinese investments in the United States and tighter export controls.

The meeting in Beijing concluded a turbulent week during which Trump fired the first shots in a global trade war by reviving plans to slap new tariffs on Chinese goods and hitting Canada, Mexico and the European Union with steep tariffs on metal imports.