China vice premier going to U.S. for trade talks despite Trump threats, playing down tensions with White House via ReutersTV
WASHINGTON/BEIJING - Chinese Vice Premier Liu He will travel to Washington for two days of trade talks this week, China said on Tuesday, setting up a last-ditch bid for a deal that would avoid a sharp increase in tariffs on Chinese goods ordered by U.S. President Donald Trump.
China’s Commerce Ministry said that Liu, who leads the talks for Beijing, will spend only two days in Washington - Thursday and Friday - instead of the three days he had previously planned before Trump announced the tariff increase. Trump has criticized the U.S. trade deficit with China, which hit a record $419 billion in 2018, as stealing American manufacturing jobs. His hard line on China has played well with his political base in Midwestern industrial and farm states, with Trump seeking re-election next year.
FILE PHOTO: Chinese Vice Premier Liu He, U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer arrive for a group photo session after concluding their meeting at the Diaoyutai State Guesthouse in Beijing, China, May 1, 2019. Andy Wong/Pool via REUTERS/File Photo China’s response to the prospect of new tariffs has been reserved. Foreign Ministry spokesman Geng Shuang said in a press briefing on Tuesday that mutual respect was the basis for reaching a trade agreement.“Talks are by their nature a process of discussion. It’s normal for both sides to have differences. China won’t shun problems and is sincere about continuing talks,” Geng said.
FILE PHOTO: China's Vice Premier Liu He listens during a meeting with U.S. President Donald Trump in the Oval Office at the White House in Washington, U.S., February 22, 2019. REUTERS/Carlos Barria
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China says Vice Premier Liu to visit U.S. on May 9-10 for trade talksChina's commerce ministry said on Tuesday Vice Premier Liu He will visit th...
Read more »
China Vice Premier Liu may still travel to U.S. this week: SCMPChina Vice Premier Liu He could still travel to the United States for trade nego...
Read more »
Stocks slide as Trump’s threat of new penalties scares investorsThe stock market is looking at a dark day after President Trump threatened tariffs on China, days before the two sides were scheduled to meet to finalize a deal. Stephanie Ruhle is joined by Risk Reversal Advisors’ Principal Dan Nathan and CNBC’s Dominic Chu for the latest on the markets.
Read more »
Exclusive: Sequoia China to cut up to 20 percent of investment staff as tech growth slows - sourcesSequoia Capital China, widely viewed as a bellwether for Chinese tech investment...
Read more »
Cramer Remix: China needs us more than we need ChinaJim Cramer explains how the United States has the upper hand in trade negotiations with our stronger, cash fueled economy.
Read more »
US Navy destroyers sail near disputed islands claimed by China in South China SeaTwo U.S. guided missile destroyers sailed near disputed islands claimed by China in the South China Sea on Monday, the U.S. Navy says in a statement.
Read more »
Huawei Has Taken Over Apple's Market Share In China; It Will Get WorseWait until Hauwei launches its own operating system. Then even Google will have a new rival.
Read more »
US-China trade talks hit snagTop US officials say imports from China will be slapped with tariffs even as Beijing is sending a delegation for a push to end the yearlong trade dispute.
Read more »
Oil mixed as U.S.-China trade dispute weighs, but sanctions keep market tenseOil prices were mixed on Tuesday, pressured by concerns the escalating Sino-U.S....
Read more »
Buffett doesn't see clear outcome in trade fight with ChinaBuffett spoke after holding his annual Berkshire Hathaway shareholders meeting.
Read more »