US and China seeking to revive trade talks: Trump advisor

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[WASHINGTON] Washington and Beijing are working to revive pivotal talks aimed at ending the trade war that has roiled world markets, Donald Trump's chief economic advisor said on Sunday. Read more at The Business Times.

If calls between both sides' deputies pan out in the next 10 days "and we can have a substantive renewal of negotiations," Larry Kudlow said on "Fox News Sunday", "then we are planning to have China come to the USA and meet with our principals to continue the negotiations."[WASHINGTON] Washington and Beijing are working to revive pivotal talks aimed at ending the trade war that has roiled world markets, Donald Trump's chief economic advisor said on Sunday.

In another tweet, he added that the US economy was"poised for big growth after trade deals are completed," and that China is"eating Tariffs."Yet it was unclear whether a Chinese delegation would be coming to Washington next month, as a White House spokesperson predicted in July after US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin left a round of trade talks in Shanghai.

The US-China negotiations began in earnest in January and seemed at first to make progress, raising hopes that a trade deal could be rapidly reached. But markets were hit with a fresh surprise when Mr Trump suddenly announced that as of September 1 he was imposing punitive 10-per cent tariffs on US$300 billion in Chinese goods that had so far been spared.

 

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