China and the United States will continue negotiations – The Economic Journal

Chinese Deputy Prime Minister Liu He said in Washington that trade negotiations with the United States will continue indefinitely, despite the obstacles.

"Negotiations did not fail, on the contrary, (the obstacles are) a normal turnaround in the negotiations … is inevitable" between the two countries, Liu told reporters after a round of trade talks in the US capital.

The talks ended hours after the start of the tariff increase to more than 5,000 Chinese products. As of yesterday, tariffs on such products have increased from 10% to 25%, a rate that now affects almost half of imports from China.

US President Donald Trump has stated that raising tariffs will strengthen the United States. In turn, China deeply regretted the decision of the United States and has already announced that it will have to take "the necessary measures" to respond, without clarifying what will be.

Source link