future negotiations: Hours earlier, the Trump administration hiked tariffs on 200 billion worth of Chinese imports to 25 percent from 10 percent, escalating tensions between Beijing and Washington, according to The Japan Times. China's Commerce Ministry vowed to impose necessary countermeasures but gave no details. Trump asserted on Twitter that there was no need to rush to get a deal between the world's two biggest economies and later added that the tariffs may or may not be removed depending on what happens with respect to future negotiations. ; A White House official, speaking on condition of anonymity because they were not authorized to speak publicly on the matter, confirmed that the talks had concluded for the day but could not say when they would resume. On Saturday, however, Chinese stat-run media said that three main differences remain in the trade talks, including the removal of all the additional tariffs. China will never yield to the United States side's maximum pressure and will not compromise on matters of principle. The ruling Communist Party's official People's Daily and the official Xinhua News Agency said that in addition to the lifting of the additional tariffs, the differences centred on trade purchases and a balanced text to any trade deal.
(news.financializer.com). As
reported in the news.
Tagged under future negotiations, commerce ministry topics.