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[size=36]Washington and Beijing are working to lift the war from a $ 360 billion trade[/size]
Economy | 11:41 - 06/07/2019
Mawazine News
US officials have announced a date for high-level trade talks with China next week by telephone, but so far no meeting has been scheduled for US and Chinese officials face to face.
Efforts to prepare for a new round of talks come a week after President Trump and his Chinese counterpart Xi Jinping met in Japan and agreed to resume their stalled negotiations.
But Beijing this week showed no sign of softening its stance. The Commerce Department said any decision required Washington to raise tariffs on Chinese imports last year.
"I know they are working to set a date for face-to-face meetings," Larry Kodlo, chief economic adviser to the White House, told Fox Business Network on Friday.
"I do not know if this will happen next week, I think the phone calls are this week, but face-to-face talks may need another week, but I do not want to go that way."
An official at the US Trade Representative's office told AFP that efforts were under way to set a date for contact between senior negotiators next week.
At the same time, the South China Morning Post reported Friday that the talks were due to resume in Beijing next week.
Trade talks between Washington and Beijing have stalled since May, when Trump accused Chinese negotiators of backing away from core commitments they had made during previous months of negotiations.
Beijing and Washington have imposed duties on goods worth $ 360 billion in bilateral trade since last year, triggering financial markets and pressure on the industry, and raised fears of weakening the global economy.
US officials have announced a date for high-level trade talks with China next week by telephone, but so far no meeting has been scheduled for US and Chinese officials face to face.
Efforts to prepare for a new round of talks come a week after President Trump and his Chinese counterpart Xi Jinping met in Japan and agreed to resume their stalled negotiations.
But Beijing this week showed no sign of softening its stance. The Commerce Department said any decision required Washington to raise tariffs on Chinese imports last year.
"I know they are working to set a date for face-to-face meetings," Larry Kodlo, chief economic adviser to the White House, told Fox Business Network on Friday.
"I do not know if this will happen next week, I think the phone calls are this week, but face-to-face talks may need another week, but I do not want to go that way."
An official at the US Trade Representative's office told AFP that efforts were under way to set a date for contact between senior negotiators next week.
At the same time, the South China Morning Post reported Friday that the talks were due to resume in Beijing next week.
Trade talks between Washington and Beijing have stalled since May, when Trump accused Chinese negotiators of backing away from core commitments they had made during previous months of negotiations.
Beijing and Washington have imposed duties on goods worth $ 360 billion in bilateral trade since last year, triggering financial markets and pressure on the industry, and raised fears of weakening the global economy.
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