U.S.-China trade talks begin after Trump received "beautiful" letter from China's Xi
- 5 years ago
China and the U.S. were moving towards an agreement to end a months-long trade war when, suddenly, it all seemed to fall apart this week.
But on Thursday, U.S. President Donald Trump insisted a trade deal with China was still within reach.
For more on this and other news around the world, let's turn to our Hong Yoo…
So, do we know how the meeting is developing?
The meeting began at 5 p.m., local time in Washington, Mark.
The talks between the China's top trade envoy Liu He and his U.S. counterpart Robert Lighthizer will last two days.
This comes after U.S. President Donald Trump vowed to raise tariffs on 200 billion U.S. dollars of Chinese goods and is considering more tariffs on another 325 billion dollars of goods.
The Chinese government in return, threatened to retaliate which escalated the trade friction between the two countries.
Yet, just hours before U.S. and Chinese officials were due to sit down at the offices of the US Trade Representative, Trump revealed from the White House that he had just received a letter from his Chinese counterpart, Xi Jinping, and suggested a deal was still attainable.
"I did get last night a very beautiful letter from President Xi. Let's work together. Let's see if we can get something done. But, they renegotiated the deal. I mean they took, whether it's intellectual property theft. They took many. many parts of their deal and they renegotiated."
Tell us more about the representatives taking part in these talks? Has there been any information on what they will be discussing?
The negotiators at the table for talks are China's Liu He... and Lighthizer and Treasury Secretary Steven Mnuchin from the U.S. side.
A week ago, the top Trump administration officials seemed to suggest a deal would soon be struck with China but Trump had dampened the optimism when he said he plans to impose stronger tariffs by raising import taxes on 200 billion dollars of Chinese goods from 10 percent to 25 percent.
These talks, which economists and businesses say could have the most severe economic consequences of all of Trump's tariff moves so far, will continue into Friday.
During the talks, Beijing is likely to retaliate against President Trump's tariff increase and reject the idea that it has reneged on any commitments made during the months of tough negotiations that led to this week's showdown. I will be following the talks closely and will be back with the developments in our later news cast.
But on Thursday, U.S. President Donald Trump insisted a trade deal with China was still within reach.
For more on this and other news around the world, let's turn to our Hong Yoo…
So, do we know how the meeting is developing?
The meeting began at 5 p.m., local time in Washington, Mark.
The talks between the China's top trade envoy Liu He and his U.S. counterpart Robert Lighthizer will last two days.
This comes after U.S. President Donald Trump vowed to raise tariffs on 200 billion U.S. dollars of Chinese goods and is considering more tariffs on another 325 billion dollars of goods.
The Chinese government in return, threatened to retaliate which escalated the trade friction between the two countries.
Yet, just hours before U.S. and Chinese officials were due to sit down at the offices of the US Trade Representative, Trump revealed from the White House that he had just received a letter from his Chinese counterpart, Xi Jinping, and suggested a deal was still attainable.
"I did get last night a very beautiful letter from President Xi. Let's work together. Let's see if we can get something done. But, they renegotiated the deal. I mean they took, whether it's intellectual property theft. They took many. many parts of their deal and they renegotiated."
Tell us more about the representatives taking part in these talks? Has there been any information on what they will be discussing?
The negotiators at the table for talks are China's Liu He... and Lighthizer and Treasury Secretary Steven Mnuchin from the U.S. side.
A week ago, the top Trump administration officials seemed to suggest a deal would soon be struck with China but Trump had dampened the optimism when he said he plans to impose stronger tariffs by raising import taxes on 200 billion dollars of Chinese goods from 10 percent to 25 percent.
These talks, which economists and businesses say could have the most severe economic consequences of all of Trump's tariff moves so far, will continue into Friday.
During the talks, Beijing is likely to retaliate against President Trump's tariff increase and reject the idea that it has reneged on any commitments made during the months of tough negotiations that led to this week's showdown. I will be following the talks closely and will be back with the developments in our later news cast.