China, US to Resume Trade Talks This Month
A Chinese delegation will travel to the United States later this month to resume negotiations as a trade war intensifies between the world’s two biggest economies.
China’s Commerce Ministry says Vice Minister Wang Shouwen will meet with David Malpass, an assistant U.S. Treasury secretary for international affairs.
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The ministry issued a statement saying Beijing welcomes dialogue, but “will not accept any unilateral trade restriction measures.”
China and the United States have engaged in a round of reciprocal tariffs since July 6, when Washington officially imposed 25 percent tariffs on more than 800 Chinese products worth $34 billion. Beijing retaliated by imposing the same percentage of retaliatory tariffs on 545 U.S. items, also worth $34 billion.
The two sides will impose an additional round of tariffs on $16 billion worth of goods from each country effective August 23.
