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China says agreed with U.S. to keep talking over trade war

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China says agreed with U.S. to keep talking over trade war

The slightly more optimistic comments came after both sides ramped up their trade war, with China announcing details of new tariffs against U.S. imports on Monday, following the U.S. move last week to target Chinese imports.

The U.S. Trade Representative’s office said it planned to hold a public hearing in June on the possibility of imposing duties of up to 25 per cent on a further 300 billion dollars worth of imports from China.

Cellphones and laptops would be included in that list but pharmaceuticals would be excluded, the office said.

The prospect of global economy being derailed by the U.S. and China sliding into a fiercer, more protracted dispute has rattled investors and led to a sharp selloff on equities markets in the past week.

“My understanding is that China and the U.S. have agreed to continue pursuing relevant discussions.

“As for how they are pursued, I think that hinges upon further consultations between the two sides,’’

Chinese Foreign Ministry spokesman, Geng Shuang said at the daily news conference.

But China will not be bullied, he added.

“We hope that the U.S. side does not misjudge the situation and not underestimate China’s determination and will to safeguard its interests.”

Sources have said talks stalled after China tried to delete commitments from a draft agreement that its laws would be changed to enact new policies on issues from intellectual property protection to forced technology transfers.

Geng said China had shown sincerity by still sending a high level delegation to the U.S. for talks last week and that China has remained calm in the face of pressure.

He put the blame on Washington for going back on its word in some previous rounds of talks, including last May, when the two reached an agreement in Washington but then the U.S. backed out a few days later.

Fatima Sule: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]nnn.com.ng

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