China and United States to hold trade talks in Beijing

China and United States to hold trade talks in Beijing

China's government says American envoys will visit Beijing on Monday for talks on a tariff fight that threatens to put a drag on global economic growth.

At a summit in Argentina late a year ago, US President Donald Trump and Chinese President Xi Jinping agreed to hold off on additional tariffs for 90 days while they attempted to negotiate a deal.

The US team will be led by Deputy Trade Representative Jeffrey Gerrish, the ministry said. Since Apple CEO Tim Cook is attributing this to President Donald Trump's trade war with China, Hassett argued that this fits with what he's been saying about how the US economy is supposedly growing while intercontinental markets are slowing down.

In a separate statement on Friday, USTR said the delegation will also include Under Secretaries from the US Departments of Agriculture, Commerce, Energy and Treasury, as well as senior officials from those agencies and the White House.

The U.S. and Chinese governments both have expressed interest in a trade settlement but give no indication their stances have shifted. "But right now, China is feeling the blow, really, of our tariffs, and I think that that's an appropriate place for us to have taken the relationship given the amount of stuff that they were stealing from us".

"I think we will make a deal with China", Trump told reporters at the White House after a meeting with Democratic and Republican lawmakers about the USA government shutdown. There are fears of both sides hiking tariffs if no deal is reached.

China, the world's second largest economy, likely expanded at more than 6 percent last year, reflecting a slowdown from years past and, in recent months, its most tepid rate since the depths of the global financial crisis a decade ago. Vice-ministers from the two countries talked on the phone yesterday, and will discuss how to implement the consensus reached in Argentina when the two leaders meet in Beijing, it said.

For their part, Chinese officials are unhappy with USA curbs on exports of "dual use" technology with possible military applications. 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.

Since the Xi-Trump meeting, China has adopted several goodwill measures including cutting tariffs on vehicles imported from the United States, resuming the purchase of soya beans from the country and submitting a draft law to prohibit forced technology transfers. But few are moving those operations back home, according to in October by the American Chamber of Commerce in South China.

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