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You can find the current article at its original source at https://www.theguardian.com/business/2018/aug/16/china-to-send-delegation-for-us-talks-to-avert-trade-war
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| Version 2 | Version 3 |
|---|---|
| China to send delegation for US talks to avert trade war | China to send delegation for US talks to avert trade war |
| (about 2 months later) | |
| A Chinese trade delegation will visit the US this month to kick off a new round of talks, the first since negotiations broke down two months ago. | A Chinese trade delegation will visit the US this month to kick off a new round of talks, the first since negotiations broke down two months ago. |
| China’s ministry of commerce said the US had invited a delegation, led by vice-commerce minister Wang Shouwen, to meet a group led by US Treasury undersecretary, David Malpass. | China’s ministry of commerce said the US had invited a delegation, led by vice-commerce minister Wang Shouwen, to meet a group led by US Treasury undersecretary, David Malpass. |
| Washington has imposed tariffs on $50bn (£40bn) worth of Chinese goods, prompting Beijing to retaliate. Donald Trump’s administration is threatening further tariffs on $200bn of Chinese goods, in a bid to pressure US companies to bring production back to the US. | Washington has imposed tariffs on $50bn (£40bn) worth of Chinese goods, prompting Beijing to retaliate. Donald Trump’s administration is threatening further tariffs on $200bn of Chinese goods, in a bid to pressure US companies to bring production back to the US. |
| Turkish financial crisis: Lira recovers as Ankara tries to calm markets - live updates | Turkish financial crisis: Lira recovers as Ankara tries to calm markets - live updates |
| China’s commerce ministry reiteratedthat Beijing opposed trade protectionism and would not accept any unilateral trade restrictions. “China welcomes communications and dialogue on the basis of reciprocity, equality and integrity,” it said. | China’s commerce ministry reiteratedthat Beijing opposed trade protectionism and would not accept any unilateral trade restrictions. “China welcomes communications and dialogue on the basis of reciprocity, equality and integrity,” it said. |
| News of the upcoming talks helped Chinese stocks stem losses. The Shanghai Composite Index closed down 0.6% and Hong Kong’s Hang Seng finished 1% lower. | News of the upcoming talks helped Chinese stocks stem losses. The Shanghai Composite Index closed down 0.6% and Hong Kong’s Hang Seng finished 1% lower. |
| Washington slapped 25% tariffs on $34bn of Chinese goods in early July, leading Beijing to respond with similar levies, and further tariffs on $16bn of Chinese goods are due to come into effect on 23 August. It is unclear whether the new talks will take place before that date. | Washington slapped 25% tariffs on $34bn of Chinese goods in early July, leading Beijing to respond with similar levies, and further tariffs on $16bn of Chinese goods are due to come into effect on 23 August. It is unclear whether the new talks will take place before that date. |
| Both sides appeared to have reached a deal in May after a team led by China’s Vice-Premier Liu He, President Xi Jinping’s top economic adviser, flew to Washington. But Trump backed away from the agreement and the two nations have been locked in a tit-for-tat trade war ever since. | Both sides appeared to have reached a deal in May after a team led by China’s Vice-Premier Liu He, President Xi Jinping’s top economic adviser, flew to Washington. But Trump backed away from the agreement and the two nations have been locked in a tit-for-tat trade war ever since. |
| The last official round of talks was in early June when the US commerce secretary, Wilbur Ross, met Liu He in Beijing. | The last official round of talks was in early June when the US commerce secretary, Wilbur Ross, met Liu He in Beijing. |
| Trump tweeted on Wednesday: | Trump tweeted on Wednesday: |
| Our Country was built on Tariffs, and Tariffs are now leading us to great new Trade Deals - as opposed to the horrible and unfair Trade Deals that I inherited as your President. Other Countries should not be allowed to come in and steal the wealth of our great U.S.A. No longer! | Our Country was built on Tariffs, and Tariffs are now leading us to great new Trade Deals - as opposed to the horrible and unfair Trade Deals that I inherited as your President. Other Countries should not be allowed to come in and steal the wealth of our great U.S.A. No longer! |
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