Liu He to go ahead with US visit for trade talks

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BEIJING: China said yesterday that Vice-Premier Liu He will go ahead with a visit to the United States this week, after efforts to reach a deal to end a trade war were thrown into doubt by US President Donald Trump's vow to impose new tariffs. US officials have said China...

If Mr Liu joins the delegation flying to the US,"it will signal how serious China is and indicates that China and the US are going to talk further", economists at ING said in a note earlier yesterday.

US Trade Representative Robert Lighthizer, who has been an advocate for tough structural changes in China, said on Monday that Beijing had reneged on commitments it had made previously that would have changed the agreement substantially. "We're not breaking off talks at this point. But for now... come Friday there will be tariffs in place," Mr Lighthizer said.

"They were trying to go back on language that had been previously negotiated, very clear language, that had the potential of changing the deal dramatically," Mr Mnuchin said.

 

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