The United States and China agreed on Saturday to restart trade talks and Washin...
OSAKA - The United States and China agreed on Saturday to restart trade talks and Washington will not levy new tariffs on Chinese exports, China’s foreign ministry said, raising hopes for the world’s two largest economies to resolve their trade war.
“We’re right back on track and we’ll see what happens,” U.S. President Donald Trump told reporters after meeting Chinese President Xi Jinping on the sidelines of a summit of leaders of the Group of 20 major economies in Japan.In a lengthy statement on the talks, China’s foreign ministry said the United States would not add new tariffs on Chinese exports, and added that negotiators of both countries would discuss specific issues, but gave no details.
The dispute, which includes a feud over Huawei Technologies Co had also fanned fears it could threaten global growth.“Returning to negotiations is good news for the business community and breathes some much needed certainty into a slowly deteriorating relationship,” said Jacob Parker, a vice-president of China operations at the U.S.-China Business Council.
At their meeting, the leaders shook hands in front of flags in a small conference room, with Trump flanked by Secretary of State Mike Pompeo, a China hawk, and Treasury Secretary Steven Mnuchin, who has taken a more business-friendly approach to the talks.
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