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TRADE WARS
Chinese and US trade negotiators speak on phone
by Staff Writers
Beijing (AFP) Aug 13, 2019

Chinese and American trade negotiators spoke on the phone on Tuesday, state media reported, two weeks after US President Donald Trump ratcheted up tensions by announcing fresh tariffs on Beijing's exports.

China's chief negotiator Vice Premier Liu He and Commerce Minister Zhong Shan spoke with their US counterparts, Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer, the Xinhua news agency said, adding that Beijing issued "a solemn protest" against the punitive duties set to come into effect on September 1.

The report emerged as the US announced it would delay imposing the 10 percent tariffs on Chinese electronics until December 15, but would proceed with the new duties on other goods.

As Washington and Beijing work to resolve the escalating trade war, Lighthizer and Liu have scheduled another call in two weeks, a USTR official told AFP.

The two sides were due to hold another round of meetings in Washington in September, but the deterioration in relations in the past two weeks cast doubt on whether the talks would take place.

The latest tariffs, which Trump announced on August 1, mean all Chinese imports into the United States would be subject to additional duties.

burs-amu/ft


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TRADE WARS
Trump wants trade pact with China but must be 'right deal': W.House advisor
Washington (AFP) Aug 6, 2019
President Donald Trump wants a trade agreement with China but it must be "the right deal," White House economic advisor Larry Kudlow said Tuesday. Kudlow's remarks came as markets attempted a recovery from Monday's deep sell-off, prompted by a sudden escalation in the US-China trade since last week. "The president was not happy with the progress" of talks in Beijing earlier this month, Kudlow told CNBC. "The president is defending the American economy" against "a lot of unfair trading practices. ... read more

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