BEIJING - China welcomed on Thursday a US offer to hold fresh trade talks, adding that the two are discussing the details and providing some hope the world's top economies could step back from the brink of an all-out trade war. News of the invite comes as it emerged Thursday that US firms in China are beginning to feel the pinch of tariffs already imposed on the Asian giant. Mnuchin's offer comes just under a week after US President Donald Trump threatened to impose tariffs on all $500 billion worth of imports from China. The next wave of 25 percent tariffs on a further $200 billion in imports will loom over any talks -- after a public consultation period for affected businesses came to an end last Thursday. Beijing has pledged to hit back with five to 25 percent tariffs on $60 billion in US imports in retaliation for any measures from the US.

Source: Bangkok Post September 13, 2018 08:37 UTC