U.S. Says Trade Talks Resuming as China Demands End to Tariffs
- Kudlow says Lighthizer, Mnuchin, Liu have been in contact
- Beijing says existing duties must be removed to reach a deal
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The Trump administration said trade talks with China are starting up again as Beijing reiterated that it’s essential the U.S. removes all existing tariffs for a deal to be reached.
President Donald Trump and Chinese President Xi Jinping agreed last month to re-start trade talks and suspend new tariffs, but they gave no time-frame for further negotiations or a deadline to strike an agreement. While Trump said he would hold off imposing additional tariffs on $300 billion of Chinese goods as part of the truce, his top trade negotiators have insisted that some duties will stay in place even after a deal as a way to enforce it.