A team led by Deputy US Trade Representative Jeffrey Gerrish will come to China to have “positive and constructive discussions” with Chinese counterparts. Photo: ReutersBeijing: China and the United States will hold vice ministerial level trade talks in Beijing on Monday and Tuesday, with the two countries under pressure to end a trade war that is hurting the world’s two largest economies and roiling global financial markets. For much of the past year, the trade war has disrupted the flow of hundreds of billions of dollars worth of goods and stoked fears of a global economic slowdown. Now China and the United States face a March deadline for talks to end the damaging trade war, or Washington could proceed with a sharp hike in US tariffs and Beijing could retaliate. China wants the trade war to end, and they are offering signs of that,” said a US source familiar with the discussions.

Source: Mint January 04, 2019 16:52 UTC