China trade delegation to meet Monday, Tuesday

08 January, 2019, 00:14 | Author: Donnie King
  • Screenshot  CNN

China's government says American envoys will visit Beijing on Monday for talks on a tariff fight that threatens to put a drag on global economic growth.

The two days of talks are aimed at carrying out last month's agreement by US President Donald Trump and Chinese President Xi Jinping (習近平) to postpone new tariff hikes, the Chinese Ministry of Commerce said.

Deputy US Trade Representative Jeffrey Gerrish will lead the Washington delegation and will discuss "implementing the important consensus" reached by Trump and Chinese President Xi Jinping at the sidelines of the G20 summit in Argentina past year, China´s commerce ministry said. Its one-sentence announcement gave no other details of the agenda or who else would take part. USA officials have said that if the talks fail to produce a satisfactory agreement Washington will increase tariffs on $200 billion of Chinese goods from 10 percent to 25 percent.

After the discussions between USA and China at Buenos Aires to remove the stalemate surrounding trade tariffs, China has expressed willingness to work with its beleaguered trade partner.

The European Union filed its own challenged in the World Trade Organization in June against Chinese regulations the 28-nation trade bloc said hamper the ability of foreign companies to protect and profit from their own technology.

In a separate statement on Friday, USTR said the delegation will also include Under Secretaries from the US Departments of Agriculture, Commerce, Energy and Treasury, as well as senior officials from those agencies and the White House.




Data this week pointed to signs of strain in the United States and China at the end of a year ago.

In December, Beijing´s commerce ministry said China and the United States "made new progress" on the issues of trade balance and intellectual property -one of the main sticking points of the trade dispute - during a phone call between officials from the two countries. "There are a heck of a lot of USA companies that have sales in China that are going to be watching their earnings being downgraded next year until we get a deal with China".

The makeup of the US team was announced Friday by the trade representative's office.

In December, China's major state-owned grain stockpiler said it had resumed buying U.S. soybeans, and Beijing announced it would suspend extra tariffs on US-made cars and auto parts starting January 1.

For their part, Chinese officials are unhappy with USA curbs on exports of "dual use" technology with possible military applications. American exports to China fell nearly 30 percent in October compared to a year earlier.

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