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  HOME | Business & Economy (Click here for more)

China, US Authorities Discuss Trade Negotiations

BEIJING – Authorities from China and the United States discussed on Wednesday the 90-day truce aimed at putting an end to the trade war between the two countries, China’s Ministry of Commerce said.

In a statement on its official website, the ministry said it the two sides had held a phone call at a “vice ministerial level” about economic and trade issues that concern both nations.

China did not reveal the proposals discussed over the call, or if a new agreement had been reached.

Chinese President Xi Jinping and US President Donald Trump agreed to a 90-day truce on Dec. 1 during the G20 summit in Buenos Aires.

Since then, China has adopted several goodwill measures, including a tariff reduction on imported US vehicles, and the resumption of US soy bean purchases.

Trump halted a proposal that would have raised tariffs on over $200 billion of Chinese goods from 10-25 percent.

Negotiations have been threatened by tensions over the detention of Huawei’s chief financial officer Wanzhou Meng, who was arrested in Canada after a request by US authorities for the alleged violation of economic sanctions imposed by the US against Iran.

 

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