US and Chinese negotiators have held 'constructive' and 'candid' trade talks in Washington with both parties pledging to keep in contact 'regarding future plans', according to China's Commerce ministry
US and Chinese negotiators have held 'constructive' and 'candid' trade talks in Washington with both parties pledging to keep in contact 'regarding future plans', according to China's Commerce ministry. US and Chinese officials ended two days of talks on Thursday with no major breakthrough as their trade war escalated with activation of another round of dueling tariffs on US$16 billion worth of each country's goods.
'We concluded two days of discussions with counterparts from China and exchanged views on how to achieve fairness, balance, and reciprocity in the economic relationship,' White House spokeswoman Lindsay Walters said in a brief emailed statement.
Implementation of the latest 25 per cent tariffs on Thursday did not derail the talks, led by US Treasury Under Secretary David Malpass and Chinese Commerce Vice Minister Wang Shouwen. They were the first face-to-face US-China meetings since early June to try to find a way out of a deepening trade conflict and escalating tariffs.
China's Commerce Ministry said in Beijing that it has filed a complaint with the World Trade Organization (WTO) over the latest round of US tariffs. The two countries have now targeted $50 billion of each other's goods and threatened duties on most of the rest of their bilateral trade, raising concerns that the conflict could dent global economic growth, reported CNBC.
