Vice Premier Liu He To Visit US For Trade Talks
"); jQuery("#212 h3").html("
"); });
2018-05-08 HKT 12:17
China's top economic official will visit Washington next week to continue trade discussions, the White House said on Monday, as threatened tariffs on billions of dollars of goods could be imposed this month.
The visit by Vice Premier Liu He – considered President Xi Jinping's right-hand man on economic issues – comes after he led talks in Beijing last week with a high-level US delegation that made little headway in resolving the standoff.
The meetings come after a series of tit-for-tat threats of tariffs on billions of dollars of goods sparked earlier this year by Donald Trump, who accuses China of using unfair practices to get an unfair advantage over US exporters and costing American jobs.
"China's top economic advisor, the vice premier, will be coming here next week to continue the discussions with the President's economic team," said White House press secretary Sarah Sanders.
"The president has a great relationship with President Xi," Sanders said. "And we are working on something that we think will be great for everybody."
The negotiations could head off the threatened US tariffs targeting US$150 billion in imports from, while China has warned US$50 billion in goods are in the firing line. Some of the US measures are due to take effect before the end of May.
However, China said "big differences" remained between the two sides after last week's talks while leaks of the negotiating positions showed both were digging in with hardline demands. (AFP)
US Stocks Rise On Hopes Of Pause In Rate Increases
Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more
China's Financial Risks 'controllable': Regulators
The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more
Banks Cut Yuan Deposit Rates, Could Boost Consumption
China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more
Cheese And Wine Put EU, Australia Deal In Peril
Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more
US Stocks End Mixed As Tech Shares Are Sold Off
Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more
Amazon 'plans Prime Video Streaming Service With Ads'
Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more