China confirms trade talks with United States beginning Monday

China confirms trade talks with United States beginning Monday

China confirms trade talks with United States beginning Monday

The US and China's trade talks will attempt to end disputes between the two countries, which have been causing volatility in global financial markets.

Last year, China and the USA imposed tariffs on more than $300bn (£237bn) worth of each other's goods.

The ministry said that it would host the United States team on January 7-8 for high-level talks, during which representatives of both parties will discuss "implementing the important consensus" mapped out by Trump and Xi. In the meantime we are doing well in various Trade Negotiations now going on.

China said a US delegation will visit next week for trade talks, confirming the two sides will have their first face-to-face negotiation since President Donald Trump and his counterpart Xi Jinping agreed to a 90-day truce in their trade war last month.

Data this week pointed to signs of strain in the United States and China at the end of a year ago. "I hope we're going to make a deal with China".

That agreement saw China commit to renewed purchases of USA agricultural goods like soybeans, in return for the delay of a fresh swathe of tariffs Washington was set to impose on Chinese goods. Both countries made a decision to suspend imposition of new tariffs on each other for the next 90 days and implement consensus that were reached between both presidents during the G20 meeting earlier this month.

Growth is expected by the government to have eased to around 6.5% in 2018, down from 6.9% in 2017. They criticize his tactics but echo USA complaints about Chinese industrial policy and market barriers.

It will be the first face-to-face meeting since the two countries agreed not to impose new tariffs for 90 days.

The makeup of the US team was announced Friday by the trade representative's office. They complain China's companies are treated unfairly in national security reviews of proposed corporate acquisitions, though nearly all deals are approved unchanged.

In addition to Gerrish, the official delegation will also include David Malpass, the Treasury Department's undersecretary for global affairs. The investment bank UBS said Friday that 37 percent of 200 manufacturers surveyed said they have shifted out of China over the past 12 months.

Despite the December truce, "most firms expect trade war to escalate", the report said.

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