CHINA not backing down for Trade War against U.S.! Breaking News



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Chinese and U.S. officials have raised the prospect of resuming talks over trade between the two nations after President Donald Trump ratcheted up the pressure by announcing a huge new round of potential tariffs.

Wang ShouwenPhotographer: Stefan Wermuth/Bloomberg
After the U.S. unveiled a list of Chinese imports worth $200 billion that could face higher duties, China’s Vice Minister of Commerce Wang Shouwen said “when we have a trade problem, we should talk about it.” While that came amid fresh threats of retaliation from Beijing, it matches some willingness from the Trump team to resume talks at a high level, according to a person familiar with the administration’s thinking.

Communications between senior members of the Trump and Xi administrations have petered out since a third round of formal negotiations ended with scant signs of agreement in early June. The U.S. pushed ahead with a plan to slap 25 percent tariffs on more than $30 billion of Chinese shipments last week, spurring retaliation in kind from Beijing. Trump’s latest salvo threatens to push the trade fight into new territory, with China limited in using tariffs to push back. The government has, however, vowed to respond.

CHINA not afraid of Trade Wars against U.S.! Breaking News

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