Categories: World News

China, US to hold fresh trade talks in January

BEIJING: China and the US will hold fresh trade negotiations in January, with both parties having already exchanged points of view, officials said on Thursday.

The two superpowers have been involved in a trade war in recent months, although both sides agreed to a 90-day truce to seek to a resolution to the dispute.

Addressing a press conference in Beijing on Thursday, Chinese Foreign Ministry spokesperson Gao Feng said the two countries would organise consultations and meetings to promote the implementation of the consensus reached between Chinese President Xi Jinping and his US counterpart Donald Trump.

The spokesperson did not provide details about who would take part in the talks or where they would be held, EFE news reported.

“The potential for trade cooperation between the two countries was huge and the nature of win-win cooperation would not change,” Gao said, according to state-owned newspaper the China Daily.

Xi and Trump agreed on the 90-day suspension of the trade dispute on December 1 during a working dinner held on the sidelines of the G20 summit in Buenos Aires, Argentina.

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

Trump, on his part, halted a proposal that would have raised tariffs on over $200 billion of Chinese goods from 10 to 25 per cent.


Comments are closed.

Recent Posts

  • Video News

Wrong calculations could be BJP’s defeat in South Goa & Panaji: CM

BJP had to face defeat in South Goa Lok Sabha election and in Panaji by-polls. The Chief Minister Dr. Pramod…

59 mins ago
  • Sports

When Indian cricket found its self-belief, self-respect

Mumbai: There was a swarm of journalists at the press conference with Virat Kohli and Ravi Shastri in Mumbai on…

18 hours ago
  • Sports

Curtorim end season on winning note

Duler: Curtorim Gymkhana ended their season on a winning note as they registered a solitary goal win over St Savio…

18 hours ago
  • Sports

Bidesh XI smash 12 past Rosarian SC

PANAJI: Bidesh XI Sports Club continued their dominance in the Goa Football Association U-20 Division Two TACA League following their…

18 hours ago
  • Sports

Dempo SC are state champions

Cansaulim: Dempo Sports Club emerged State Champions of GFA Under-14 Football League after a strike each by Naythan Coutinho and…

18 hours ago
  • Sports

Dempo SC win; Bengaluru FC qualify

PANAJI: Dempo Sports Club beat FC Madras 3-1 in their penultimate Group D match of the AIFF Junior League but…

18 hours ago