WorldChina will send a senior negotiator to the United States in late August to resume trade talks, its commerce ministry said Thursday, the first public meeting on the dispute in weeks as the trade conflict intensifies. The United States slapped tariffs on $34 billion worth of Chinese goods in early July, triggering an immediate dollar-for-dollar retaliation from Beijing"The Chinese side reiterates that it opposes unilateralism and trade protectionism practices and does not accept any unilateral trade restriction measures," the ministry said. US Commerce Minister Wilbur Ross held talks with Chinese Vice Premier Liu He in Beijing in June. - Tit-for-tat -But the discussions failed to reduce tensions as the United States slapped tariffs on $34 billion worth of Chinese goods in early July, triggering an immediate dollar-for-dollar retaliation from Beijing. The two countries are expected to launch a new round of tit-for-tat tariffs on $16 billion worth of goods from each country on August 23.

Source: Sunday Times August 16, 2018 07:28 UTC