WASHINGTON, United States – Two days of talks to resolve a worrisome US-China trade battle ended Friday with no deal, but no breakdown either,…
WASHINGTON, United States – Two days of talks to resolve a worrisome US-China trade battle ended Friday with no deal, but no breakdown either, offering a glimmer of hope that Washington and Beijing could find a way to avert damage to the global economy.
But the status remains tense after the United States followed through on a threat to ramp up tariffs, and China vowed to retaliate, angering many US businesses and farmers that are feeling the brunt of the impact from the trade war.
President Donald Trump said Friday the talks will continue and a decision on whether to pull back the punitive import duties will depend on what progress is made.
“Over the course of the past two days, the United States and China have held candid and constructive conversations on the status of the trade relationship between both countries,” Trump tweeted.
“The relationship between President Xi and myself remains a very strong one, and conversations into the future will continue.”
The tariffs on China “may or may not be removed depending on what happens with respect to future negotiations!”
Chinese Vice Premier Liu He told reporters that the talks had gone “fairly well,” according to Bloomberg.
Just after midnight, Washington pulled the trigger on an increase in punitive duties on $200 billion in Chinese imports, raising them to 25 percent from 10 percent. Beijing responded vowing to take the “necessary countermeasures.
