Chinese delegation arrives in US to discuss trade

ANI  |  Washington D.C. [United States] 

Special envoys from Chinese Xi Jinping's team arrived in to discuss economic and trade issues.

As reported by the on Wednesday, Liu a member of of the Central Committee led a delegation of economists and engaged in intense trade talks with the US.

Before the delegation-level meeting, a Chinese working group arrived in the last week and engaged in consultations with the US.

Earlier on Wednesday, tweeted that he will wait to see the demands put forth by with respect to bilateral trade.

"We have not seen China's demands yet, which should be few in that previous U.S. Administrations have done so poorly in negotiating. has seen our demands. There has been no folding as the media would love people to believe, the meetings", Trump tweeted.

Earlier on May 9, Trump said bilateral trade talks with China will ensure a positive outcome for both the countries.

Post the culmination of third California-China Business Summit both countries agreed on resolving economic and trade issues through dialogue and deliberation.

They also discussed the issue of increasing US trade exports to China, bilateral trade service, two-way investment, protection of intellectual property rights and imbalanced tariff rates.

The and China have been tied-up in a constant bilateral trade war.

On March 23, Trump had imposed massive trade tariffs amounting to USD 60 billion on China, in an effort to stop the latter from stealing "intellectual property" from American companies.

In retaliation to that China threatened to impose a 25% tariff on $50 billion worth of US exports.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 17 2018. 03:46 IST