Ross arrives in Beijing for talks on trade surplus - News Summed Up

Ross arrives in Beijing for talks on trade surplus


U.S. Commerce Secretary Wilbur Ross, center, leaves his hotel in Beijing, Saturday, June 2, 2018. U.S. Commerce Secretary Ross has arrived in Beijing for talks on China’s promise to buy more American goods after Washington revived tensions by renewing its threat of tariff hikes on Chinese high-tech exports. The talks focus on adding details to China’s May 19 promise to narrow its politically volatile surplus in trade in goods with the United States, which reached a record $375.2 billion last year. The two governments released no schedule for the talks, but China said earlier that Ross was due to be in Beijing through Monday. Still, Beijing resisted pressure to commit to a specific target of narrowing its annual surplus with the United States by $200 billion.


Source: Washington Post June 02, 2018 06:53 UTC



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